http://www.mining.com/iron-ore-coking-coal-prices-soaring/
Steelmaking coal (premium hard-coking coal FOB Australia) was pegged at $243.90 a tonne up 1.4% compared to Friday, a near eight-month high. Coking coal has surged 37% in value since the beginning of November and is averaging $185.70 in 2017, a more than $40 gain compared to the average price last year.
War on smog
Beijing is cracking down on its heavy industry, shutting down outdated and polluting plants which is boosting profitability in the domestic steel industry.
The country also placed restrictions on steelmakers from October to March with mandated cuts of as much as 50% which has revived the domestic rebar price, boosting iron ore and coking coal prices in the process.
http://www.mining.com/iron-ore-coking-coal-prices-soaring/...
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