The forecast of world prices for coking coals remains optimistic in the medium and long term

The global coking coal market today is at the lowest point over the past 18 months completely dependent on the state of affairs in the steel industry. Too large production and the desire of metallurgists for the rational use of resources create the prerequisites for a further fall in the demand for coke.

The price of coking coal, setting in 2011 a record of $ 330 per ton, is today at the level of 150 - 170 dollars. However, the spot price is even worse: 140 - 150 dollars per ton of coke.

Nevertheless, analysts continue to believe in the power of Chinese and Indian economies, capable, in their opinion, will ensure a fairly high consumption of raw materials. Despite the dull predictions for 2013, it is expected that a bar of $ 200 per ton of cooked coal will be overcome in early 2014, by increasing steel production in Asia.

Most developing economies experience a demographic transition. Almost 3 billion people will replenish the ranks of the middle class in the coming year - two. India alone intends to bring its own production of steel to 150 million tons by 2017 and annually import about 100 million tons of metal rolling. In the same way, China continues to set all new records in the production of steel, despite the high level of overproduction. The Chinese economy continues its growth with amazing pace for other countries, performing the country's industrialization simultaneously.

Despite the ongoing economic crisis in Europe, the United States and Japan show distinct signs of the rise of its economies. After the global production of steel will return to its normal level, the price of coking coal will instantly take off above $ 200 per ton.