Tag: Australian Coal
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India: Thermal coal demand from South Africa undergoes major transition impacting RB3 grade prices
South African coal demand in India’s sponge iron sector has undergone a major transition following the Russia-Ukraine war, and with the Indian government’s imposition of export duty on steel and raw materials in end-May. The rise in thermal coal prices since March (subsequent to the Russia-Ukraine war) compelled domestic DRI producers to opt for coal…