Coking coal prices 2008

Press reports are circulating (and quoting ArcelorMittal) about expected increases in coking coal prices of some 150-200%. This would add to the 65% increase in iron ore costs seen in January 2008, and to last month's near $100/tonne increase in scrap prices. Current coking coal prices are just under $100 per short ton [see http://www.steelonthenet.com/commodity_prices.html] and today make up around $65 of the total cost of a (metric) tonne of liquid steel through the integrated steelmaking route [see http://www.steelonthenet.com/steel_cost_bof.html].

For original report on the expected coking coal price increases see
http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-24_2299142.

blogger@steelonthenet.com