Tag: Steel export duty hike

South African coal offers fall for June; Indian buying appetite turns weak

May 25, 2022

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by

Rituparna Ghosh

in Non Coking

Enquires for South African thermal coal took a hit following the hike in export duty on steel, which led to a correction in offers for June-loading cargoes of RB3 (4800 kcal/kg NAR) to $190/t CFR India, down $44/t m-o-m. RB2 (5500 kcal/kg NAR) coal is being offered at $250/t CFR India (Panamax). Low buying interest…