High coking coal prices to impact gross margins of steel ...
High coking coal prices are likely to impact gross margins of steel mills, says India Ratings and Research (Ind-Ra). Accordingly, coking coal prices were up 5 per cent MoM and 103 per cent YoY to $222 per MT in mid-August 2021. "Australian coking coal prices are receiving support from a strong demand from Asian countries, ex-China.