Metals & Mining #india#steel
Indian steel mills face margin squeeze as global coking coal prices rise
Rising global coking coal prices, driven by supply disruptions in Australia, China and the Iran war, are squeezing Indian steel mill margins. Premium hard coking coal averaged $236 per metric tonne FOB Australia in Jan-Jul 2026, up 25% year-on-year, according to CRU. Steelmakers face higher costs and limited pricing power amid cheap Chinese steel competition.
Aug 19, 2026 1 source