Tag: long term agreement
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India: Spot Buying of Coking Coal more Lucrative to Steel Companies
Coking Coal prices decline in a year by around 24% to USD 126-127/MT is driving steel companies to re-think over procurement strategies. Most of the Indian steel companies used to source almost 80-90% of Coking Coal by long term agreements with suppliers to assure timely supply. Whereas, fall in Coking Coal prices has led producer…