Tag: RB2 portside

A sharp correction of $86/t in South African thermal coal import prices over the last week has led to Indian sellers reducing their RB2 (NAR 5500 kcal/kg) offers by INR 5,000-6,000/t to INR 19,000-20,000/t ex-Vizag. However, even after the downward correction, there are no bids in the market from sponge iron manufacturers as they are…