BCCL raises select raw coking coal prices for non-regulated buyers
In short
Coal India arm BCCL raised prices of some raw coking coal grades for non-regulated buyers. The board approved the change on October 13, covering Steel Grades I and II, Direct Feed, PCC Washery Grades W-II to W-VI, and HVMC Washery Grades W-I to W-VI.
This could raise costs a little for steelmakers. The exact price change was not stated in the available reporting.
What the reporting says
Coal India arm BCCL raised prices of selected raw coking coal grades for non-regulated buyers at a board meeting on October 13, according to syndicated summaries. The revision covers Steel Grades I and II, Direct Feed, PCC Washery Grades W-II to W-VI, and HVMC Washery Grades W-I to W-VI, and was described as a rationalisation to correct inter-grade price differences. The immediate effect is expected to be a modest rise in steelmakers’ input costs, but the exact price increase was not stated.
Why it matters
BCCL, a Coal India arm, approved a rationalisation of basic prices for selected raw coking coal grades at a board meeting on October 13. The move affects non-regulated buyers and includes several steel, direct feed, and washery grades. The likely near-term effect is slightly higher input costs for steelmakers, while the reporting does not state the size of the increase or whether other buyer categories are affected.