Indian steelmakers using blast furnace profits may rise as coking coal prices might decline
The earnings of Indian steel manufacturers such as JSW Steel, Tata Steel, etc, are likely to rise in the coming months as prices of coking coal, a prime raw material, are expected to dip as China has put a ban on Australian coking coal. Softer coking coal prices shall directly support EBITDA per tonne accretion of around […]