Cost in soms, according to the exchange rate at the time of the report publication: 22 000с
Metallurgical (coking) coal is the main component of steel production. Coal processed into coke is used in the production of 70% of the world’s crude steel. Coal is also widely used in the production of other metals, including aluminum and copper. As with steam coal, the outlook for the offshore metallurgical coal market has been affected by the Ukrainian conflict. India’s CoalMint reported that international seaborne coking coal trade increased by more than 8% in 2022 compared to 2021. As CoalMint points out, exports added 9.1% to 326.2 million tons, and importers reported receiving 319.4 million tons of the raw material, an 8.0% increase over 2021.