Profit

Coke production takes a hit

PUBLISHED ON: January 2, 2009 | Duration: 2 min, 14 sec

   
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Despite a correction in commodity prices globally, those of coking coal have not subsided as much and is beginning to have a ripple effect, impacting industries other than steel. The coke makers whose operations have been hit big time by soaring coking coal prices, seek a significant discount as high prices have resulted in an 80 per cent cut in local coke output.
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