One of the largest producers of metallurgical coal expects rising steelmaking capacity in India and Southeast Asia as well as constraints on investments in steelmaking coal capacity to be the long-term drivers of the market.
Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.40 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $164.07 per tonne, unchangedHard coking coal, fob DBCT: $130.05 per tonne, up by $0.13 per tonne.Hard coking coal, cfr Jingtang: $142.29 per tonne, unchangedLow-vol PCI, fob DBCT: $98.94 per tonne, unchangedLow-vol PCI, cfr Jingtang: $106.52 per tonne, unchanged"The steelmaking coal market remains fundamentally supported by demand from steel capacity growth in India, Southeast Asia, and increased imports in China," Canada's Teck Resources, the world's second-largest producer of metallurgical coal, said in its latest...