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The seaborne premium hard coking coal fob index jumped on Friday September 4 following a new much-higher transaction, which sources say reflects rising demand, Fastmarkets heard.
Indian authorities have decided to slash export rebates, in a move which market participants expect will raise prices for steel shipped out of the South Asian nation, Fastmarkets understands.
Fastmarkets MB is inviting feedback from the industry on its non-ferrous pricing methodology and product specifications, as part of its annual methodology review process and compliance with the International Organization of Securities Commissions (IOSCO) principles for PRAs.
Major Indian steelmakers saw a sharp increase in domestic sales in August, allowing them to focus more attention on the home market rather than having to rely on exports.
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