Met Coal

  1. 7,831 Posts.
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    Met coal is essential for steel making and it has had bad press recently because the "coal detractors" have tarred it with the same brush as thermal coal. We are a major supplier of seaborne met coal (hard, semi-hard & semi-soft) and without it there is no economic means of making steel which is elementary for emerging economies (please note India's growing need for met coal below):

    https://www.minerals.org.au/sites/default/files/181012%20Commodity%20Insights%20Met%20Coal%20Report.pdf

    At spot prices of $180 USD/ton FOB ( $250AUD) it is over 3 times the price of iron ore, its companion  in steel making.
    Last edited by moorookamick: 02/03/19
 
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