Seaborne coking coal prices trended higher during the week ended 20 January as China’s easing of its Australian coal ban boosted sentiment. The recovery trend is following the strengthening of iron ore prices in China, remaining last week at above $120/t CFR China for 62% Fe.

Kallanish assessed premium hard coking coal at $329.53/tonne fob Australia last week, up $20.46/t from $309.07/t the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for February settled at $332.33/t on Friday, up from $308.5/t fob a week earlier.

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• PAGE 3 Can Chinese finished steel prices keep up with raw materials hikes?
• PAGE 4 How are financing issues in Pakistan impacting scrap sentiment?
• PAGE 5 How much can European HRC prices recover?
• PAGE 6 Has the fate of rapidly declining prices finally been reversed for the steel market?
• PAGE 7 Will Turkish scrap prices drop further?
• PAGE 10 How far away is green steel?