Tag: Power

Rake shortage, high import prices push up S. African RB2 portside rates

Oct 1, 2021

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by

Rituparna Ghosh

in Non Coking

Portside prices of South African RB2 (5,500 NAR) at Gangavaram Port have gone up by INR 2,000/t in a week’s time. These are trending at levels of INR 13,500/t amid soaring global thermal coal prices. The ongoing domestic supply crunch, meanwhile, is resulting in limited rakes being supplied to the sponge iron sector. In a…