Arab Steel Summit
Arab Steel Summit
Arab Steel Summit

Coking coal at $300/t first time in 5 years

Export price for Australian coking coal has hit $300/t FOB for the first time in almost 5 years amid the continuous supply shortage from the country.

A deal for 75,000 t of premium low-volatile Saraji brand hard coking coal was closed at $300/t FOB for November laycan on the globalCOAL platform, according to insiders. It is $20/t higher than prices offered by Australian suppliers earlier this week. The commodity has reached this level for the first time since December 2016.

The reason for the price surge was still the limited volumes possessed by Australian exporters. “This year, coal export from Australia was strongly impacted by weather related issues,” a trading source.

The data by the Australian Bureau of Statistics showed that coking coal exports from the country had plunged by 13% month-on-month and 7% year-on-year to 12.99 million t in July, the lowest since February 2019.



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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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