Tag: sponge iorn units

As imported South African thermal coal prices continue to trade above the $300/t mark, portside rates of RB2 (5500 kcal/kg NAR) grade coal remained firm at INR 22,000/t at Gangavaram Port. With limited domestic coal available, sponge iron manufacturers had little option but to switch to high-priced imported coal this week, increasing trading activity as…