Intel Details

India: S. African RB2 coal prices elevated despite muted trading

Non Coking
13 Oct 2021, 19:01 IST
Steel Mint Intel

Amid the rising trajectory of South African thermal coal prices over the last two weeks, sponge iron manufacturers have again adopted a wait-and-watch mode, pinning hopes on improving domestic coal supplies. Traders, on the other hand, continue to hold RB2 (5500 NAR) portside offers higher at INR 19,000/t at Gangavaram on expectation that imported coal prices may remain higher in the near-term.

13 Oct 2021, 19:01 IST
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