coking coal - Latest news GMK Center

In September, supplies of coke to the country increased by 41.2% y/y

In September 2022, coking enterprises produced 213 thousand tons of gross coke, including 182 thousand tons of metallurgical coke

On September 7, 2022, the government added coking coal to the list of goods which export is prohibited

In 10 months, the enterprise produced 1.86 million tons of high-quality coal concentrate

Quotations in the Australian market rose on the background of the rainy season, while the Chinese market fell on the background of a weak steel market

The agreement is concluded for the next three years and can subsequently be extended

Against the background of higher prices, the company prefers the production of thermal coal

The first coal from it is planned to be delivered in March 2023

The price of iron ore is expected to fall to $97/t in the 2022/2023 financial year

In August 2022, imports increased by 36.8% year-on-year and by 4.7% compared to the previous month

The updated expectations reflect a decline in global steel production

The company is not yet commenting on pricing as further discussions are ongoing