Tag: Export Duty

India: Portside South African coal trade softens as declining steel prices weigh on buying appetite

Jun 2, 2022

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by

Rituparna Ghosh

in Non Coking

Portside trading activity of South African thermal coal remained lackluster this week amid weak demand sentiment from sponge iron manufacturers following the sharp decline in steel prices over the last two weeks. Despite an increase in imported prices, portside RB2 (5500 kcal/kg NAR) grade coal offers remained in a tight range of INR 20,000-21,000/tonne (t)…