Coal import prices in India volatile as China bans Australian import: India Ratings (Ind-Ra)

Coal-bhp-billiton.jpg

The indefinite Chinese ban on Australian coal imports will keep import prices for India volatile over the near term, according to India Ratings and Research (Ind-Ra). For the Australia-origin coking coal import (comprising 67 per cent share in FY20) prices have remained subdued up to mid-December, providing respite to the spreads for domestic steel players […]

Read more

Yearend — India must fix mis-coordinated policy to check soaring steel prices

Steel-output1.jpg

Indian steel prices have shot up by 55% on the back of soaring global prices and an acute shortage of iron-ore in the domestic market, drawing the attention of the central government on possible remedial measures to contain its impact on the manufacturing sector. Industry officials say that measures to relieve tight iron-ore supplies are […]

Read more