While earlier annual benchmark negotiations were led mainly by major steelmakers in Japan and Europe, Chinese steelmakers had an increasing say through their activity in spot markets as growing steel capacity fueled their appetite for coking coal imports.
More than a decade on, the coking coal market has not looked back on its price indexation journey, although a new set of events – the pandemic, China's unofficial ban on Australian coal, erratic weather and the Russia-Ukraine war – may see a change of guard in terms of spot market activity, chiefly by India and Russia.
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Viva unveils SOLID X: India's first ready-to-install solid aluminium panels at BAU Expo
December aluminium extrusion exports fell over 40% M-o-M, likely to remain weak in the short term
