02
Sep
12:56
Coking coal forecast down, miners prefer thermal: Moody’s
Moody's has lowered its coking coal price forecasts for the next 12 months to $220/tonne from $275/t to reflect ongoing weakness in global steel markets, Kallanish notes.
The ratings agency says global steel markets, particularly in China, the largest steel producer, are expected to slow as weakness in China's property sector is reducing steel demand.
According to a Moody’s report, both thermal and metallurgical coal prices reached record…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous