China Steel Output Should Boost Coking Coal Prices

Bloomberg reported that coking coal prices are expected to rise as countries like China continue to produce more steel.

As quoted in the market news:

Contract prices that fell to $206 a metric ton for the quarter ending June 30 may rebound to average $225 a ton this financial year, based on the mean estimate of 10 analysts, steelmakers and mining companies surveyed by Bloomberg.

Click here to read the full Bloomberg report.