October 07, 2008
Russia prices for coking coal rising because of mine accidents
FIS reported that spot prices for coking coal in Russia are about USD 100 per tonne, setting an absolute maximum for several years.
Two years ago, when the raw prices started rising as a result of growing steel production they remained below USD 100 per tonne even for the most valuable grades of coking coals. It said that now such prices rose to USD120 to USD 140 per tonne.
Experts believe that prices are growing mostly because of accidents at Uliyanovskaya and Jubileynaya mines of Yuzhkuzbassugol and Komsomolskaya Mine of Vorkutaugol.
