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steel industry: Higher coal prices seen impacting steel industry s growth p​lans

Indian steel-makers debt reduction plans may be slowed down by higher coal prices, according to S&P Global Ratings. The firm predicts that the consolidated debt of major steel makers in India will remain at 2.1 trillion rupees as of March 2025, up 150 billion rupees from the previous estimate. The average prices of metallurgical coal are expected to rise to $270 a ton in 2024, largely due to supply constraints in Australia, tensions in the Red Sea, and strong demand from India and markets outside China.

Steel Industry Growth: Higher coal prices seen impacting steel industry s growth plans, ET Auto

Steel Industry Growth: Indian steel-makers debt reduction plans may be slowed down by higher coal prices, according to S&P Global Ratings. The firm predicts that the consolidated debt of major steel makers in India will remain at 2.1 trillion rupees as of March 2025, up 150 billion rupees from the previous estimate. The average prices of metallurgical coal are expected to rise to USD 270 a ton in 2024, largely due to supply constraints in Australia, tensions in the Red Sea, and strong demand from India and markets outside China.

Higher coal prices hurt steel industry s growth plans, says S&P Global

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Met coal prices may fall; rate correction to help Indian steel makers: S&P | Hellenic Shipping News Worldwide

Met coal prices may fall; rate correction to help Indian steel makers: S&P | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

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