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Metallurgical coal or coking coal [1] is a grade of coal that can be used to produce good-quality coke. Coke is an essential fuel and reactant in the blast furnace process for primary steelmaking. [2] [3] [4] The demand for metallurgical coal is highly coupled to the demand for steel. Primary steelmaking companies often have a division that ...
As of 2020, coking coal in the U.S. sold for about $127/short ton, compared with $50.05/short ton for bituminous coal generally. The cost of coking coal is about 3.5 times as high as the cost of coal used for electrical power (which includes lower ranks of coal, such sub-bituminous coal and lignite, as well as noncoking bituminous coal.) [20]
Company operates 36 coal mines, which include eleven underground, sixteen open cast & nine mixed mines in year 2020. Company runs eight coal washeries and four are under construction. Mines are grouped into twelve areas for administratisation. BCCL is the major producer of prime coking coal (raw and washed) in India.
At the time, coal was selling for about a quarter of the price of natural gas ($1.5 versus $5.0 per million BTU); however, the ratio has since become much smaller (as of 2010, coal has tripled in price to $4.63/mil BTU while gas is still at $5.189). [4] [6] (Natural gas is used as an alternative to thermal coal in electricity production.)
On June 15, 2011, Arch Coal acquired International Coal Group through a merger for $3.4 billion. ICG became a wholly owned subsidiary of Arch Coal. Coal prices were rising as demand for coal from China and India were increasing. The merged company is the second-largest coking-coal producer in the United States. [6]
Exploration and development of coking coal and non-coking coal and lignite deposits in India; All matters relating to production, supply, distribution and prices of coal; Development and operation of coal washeries other than those for which Department of Steel (ISPAT Vibhag) is responsible
The nationalization was done in two phases, the first with the coking coal mines in 1971–72 and then with the non-coking coal mines in 1973. In October 1971, the Coking Coal Mines (Emergency Provisions) Act, 1971 provided for taking over in public interest of the management of coking coal mines and coke oven plants pending nationalization.
There is a 5% import tariff on US coking coal. [143] The main ports for import of met coal are Eregli, Zonguldak and Iskenderun. [143] As of 2018 if the import price of thermal coal is less than 70 US$/tonne the state charges the difference as import duty. [63]: 31 In 2020 coking coal cost around US$130/tonne. [144]
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