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Owing to a surge in coking coal prices coupled with opportunistic export demand during the upcoming Chinese New Year holidays, a majority of Indian mills aim to conclude hot rolled coil deals at $735-740/tonne fob India, various sources inform Kallanish. "Due to the reduced production guidance from various coking coal miners, coking coal prices are up again and are expected to rise further, owing to which steel players have increased their pric…
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