Sage Investment Club

With pricier Australian coking coal, steel mills turn towards Russia, Indonesia

India‘s steel mills have substituted “costlier” Australian coking coal with alternatives, mostly from Indonesia, Russia and the USA. The three countries have gained the most with supplies increasing by 187 per cent, 138 per cent and 163 per cent, respectively, for the April-November period.Imports from Australia dropped over 18 per cent for the eight-month-period to […]