Looking ahead, mills anticipate a further decrease in coking coal prices, especially in Q1FY’25, by $10-40/t which can shore up their bottomline. A positive demand outlook is also expected now that the general elections are over and the country will soon have a stable government in place. Such an unfolding scenario makes mills upbeat on inventory reductions and improvement in net sales realisations in Q1FY’25 as compared to the previous quarter.
