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Rising coking coal prices could limit margin recovery of steelmakers in H2
Prices of coking coal, which is largely imported, have reached almost $300 per tonne (CNF Paradip) after hitting a low of around $210 in the first week of August, according to data from SteelMint. CNF stands for cost and freight, indicating the landed price of coking coal at the Paradip port inclusive of freight cost.