Seaborne coking coal prices fell across the board on Thursday April 23, with steel mills outside of China grappling with poor downstream conditions and turning to metallurgical coal sellers as a result, sources said.
Fastmarkets indicesA 75,000-tonne early-May-laycan vessel of premium mid-vol hard coking coal was heard sold to a Chinese trader by an Indian steel mill at $110.50 per tonne fob Australia. The sale was a result of depressed demand from the steel mill following the lockdown in India and resulting build-up of steel inventories due to lack of downstream...