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Coking is a type of coal that is used to produce high-quality coke and is also referred to as Metallurgical coal. The process of the blast furnace is used to make steel, coke serves as both a reactant and an essential fuel.

To assure reliable and affordable steel production, primary steelmaking enterprises frequently have a division that generates coal for coking. In the absence of oxygen, coke is produced by baking coal which helps in removing the volatile hydrocarbons in coal.

The region with the highest market share for coking coal is the Asia Pacific, in which China is the largest producer of coking coal. On the other hand, the United States is accounted as the biggest exporter in the coking coal market.

Key Details About the Coking coal Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the coking coal price, lithium carbonate price and carbon black price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The coking coal price trend, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting coking coal Price Trend:

The industrial uses that impact the growth of coking coal include infrastructure projects, which involve the building of big structures like bridges, factories, dams, warehouses, etc. It also serves as an energy source in the steel making for the creation of steel and iron. It is also used for medical purposes.

Key Market Players:

• OJSC Raspadskaya Coal Company
• Goonyella Riverside Mine (BHP Mitsubishi Alliance)
• Saraji Coal Mine (BHP Billiton/Mitsubishi Alliance)
• Mitsui Coal Holdings Pty Ltd.
• Anglo American plc
• Mechel Group
• Mitsubishi Chemical Corporation

Related Price Trend:

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• Coal Liquefication Price Trend - https://www.procurementresource.com/resource-center/coal-liqueficat...

News and Events:

• 26 July 2022: According to the Minister of State for Steel and Rural development, Iron ore and Coking coal are two crucial raw materials needed for producing steel by the BF-BOF route.

Read Blog Also - Prices of Coking Coal are Expected to Rise in the Up-coming Months ...

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We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

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