According to statistics of Zhangjiagang Entry-Exit Inspection & Quarantine Bureau, Jiangsu Shagang Group have imported 4 batches of coking coke in March with gross weight of 190,000 tonnes valued USD 28.72 million. It's the first time for the mill to start coking coal import in the past 3 years.

Shagang moves its eyes to oversea resources because of the low prices. It's expected that the mill will bring in more than 1 million tonnes of coking coal this year,

For now, Domestic price for coking coal goes at CNY 1400 per tonne while the imported price is at USD 150 per tonne. The imported product is much cheaper than that in China with a difference of CNY 380 per tonne. Thus, the import can help mills cut steelmaking costs and gain more profits.

(Source: Jiangsu News)