NWR settles average Q3 coking coal price at $116 per tonne

Central European coal producer New World Resources (NWR) has agreed the average price for coking coal deliveries in the third quarter of 2014 at €85 ($116) per tonne ex-works.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The price is marginally up from the realised price of €84 ($114) per tonne in the second quarter of this year, NWR said on Friday July 11.

Anglo American and Nippon Steel & Sumitomo Metal Corp (NSSMC) have settled the third-quarter benchmark price for hard coking coal at $120 per tonne fob Australia, the same as in the second quarter.

NWR’s coking coal deliveries in the July-September period are expected to comprise 45% mid-volatility hard coking coal, 42% semi-soft coking coal and 13% pulverised coal injection (PCI) material.

The Prague-, Warsaw- and London-listed company sold 1.301 million tonnes of coking coal in the second quarter, compared with 1.045 million tonnes sold in the corresponding period last year.

It maintained its production guidance of 9-9.5 million tonnes of coking and thermal coal production and sales, of which 55-60% would be coking coal.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.