29
Dec
13:26
Subdued coal prices moderate Indian steelmakers' costs: Ind-Ra
India Ratings and Research (Ind-Ra) says China’s ban on Australian coking coal imports will curb prices of the raw material, thereby containing costs for Indian blast furnace-based steelmakers.
Softer coking coal prices will support Ebitda/tonne gain of INR 2,600 ($35) over the fiscal year through March 2021 (FY21) for companies using the blast furnace route. Such companies are likely to have reduced cost of steel production by around INR 1,800/t on-year in …
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Anonymous
Very good overview of the weekly steel market.
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