“From figures which I have secured from different companies concerned in coking operations the cost of coking, or the conversion cost, is taken care of by the value of the by-products secured, which consist of gas, ammonium sulphate, tar and motor-fuel.”
“This acquisition will help ensure that we will have unconstrained shipping capacity to support our long-term coking coal production plans in Alabama," interim Chief Executive Joe”
“In the current year, long term coking coal prices have reduced to $128 per tonne and spot market prices are ruling slightly higher.”
“MOSCOW, June 9, 2009 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that its Mechel Trading AG subsidiary has signed a long-term coking coal supply contract with South Korean Hyundai Steel.”
“Met coal is also known as "coking coal"; coal used for heating is known as "thermal coal" or "steam coal.”
“So-called coking coal is a key ingredient in steel.”
“An early benchmark for this year's prices of so-called coking coal could emerge from negotiations involving Korean steelmaker Posco.”
“Developed in-house, this new method of steelmaking dispenses with the traditional and time-consuming step of melting of coal and ore into chunks with hot air so-called coking and sintering thereby saving energy and cutting emissions by 90 percent.”
“Metallurgical coal, also referred to as coking coal, is used to forge steel, while the thermal form is used by utilities to generate electricity.”
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