the world's largest exporter of cokes, the Australian company BHP Billiton says that the market Metallurgical raw materials and especially coking coal remains difficult to work due to muffled demand in some markets and excess supply. This was announced by the head of the coal division of the Melbourne branch of BHP Billiton Dean Dalla Valle during the opening of a new coal mine in Queensland.“The nearby time will be difficult for us. We see a decrease in prices as a result of muffled demand in traditional sales markets and strong pressure from competitors,” he said.
After the restoration of mining capacities in Queensland after flooding and slowing down the increase in demand for steel, the price of coal coking was under pressure. The rising costs and falling prices of coal can force BHP Billiton managers and go to unpopular measures and start personnel reduction, Bloomberg believes.
Metallurgical coal is one of the four supports on which the entire BHP Billiton business is held along with iron ore and oil.
The world prices for coking coal are today at the level of $ 145 per ton compared to $ 172 in the second quarter and, according to forecasts, may fall to the end of this year to $ 130 per ton to the lowest level over the past 5 years.
