Senior VP and Group Head - Corporate Sector Ratings, ICRA. However, if what the latest ICRA report is anything to go by, this apparent decoupling is not likely to sustain over a longer timeframe. We have seen this happen in CY2018, when Australian coking coal exports increased year on year by 5 million tonne, supported by buoyant steel and coking coal prices.. Supported by the high profit levels of miners, capital spending in expansion projects is expected square head wood screw with turning to pick-up.

 This trend of rising exports from Australia is likely to continue in CY2019 as well.At prevailing prices, some large global coking coal miners are achieving Ebitda ranging from $70-100/MT of coal sold which comes close to the Ebitda levels achieved by some large integrated global steel players. While steel prices have weakened from the CY 2018 highs, thanks mostly to an increasing trade tensions and a slower pace of global economic growth, coking coal prices have not followed suit."A natural corollary of high coal prices is supply response from miners.

Hide Comments | Add Comment