Tag: Non-coking

South African RB2 (5500 kcal/kg) coal prices at Indian ports recorded a drop of INR 200-250/t w-o-w basis, post the New Year holidays. The falling API4 index ($4/t against last week of December) coupled with high stock at ports and tepid demand has led to lower RB2 portside prices. Our analysis reveals that although the sponge iron prices in India have remained firm in the past one…