COKING COAL AN ESSENTIAL COMPONENT TO STEEL PRODUCTION & INFLUENTIAL TO YOUR BUSINESS
WHAT IS COKING COAL?
Coking coal is a component for essential fuel and reactants used in blast furnace steelmaking. Once processed into coke it will burn steadily inside and out while not being crushed by the weight of iron ore. This makes it a key component to steel production.
HOW COKING COAL AFFECTS THE MARKET?
Coking coal is mined from the ground, with the largest exporters being Australia, Indonesia, and Russia. Natural disasters, exporting and importing fees, and other factors can influence the price and availability of coking coal. This impacts overall steel prices and inventories. As inventory tightens, demand increases. Often times an indicator like coking coal can predict where the market is heading.
WHAT SHOULD YOU DO?
Watching coking coal’s price and availability is a great way to stay on top of the market. Majestic’s CORE Report follows coking coal and other indicators every week to see where the market stands.