| 04.12.2008 - Coking coal prices to fall 50%, iron ore 20% - Citigroup |
| From Mineweb.com: Citi Investment Research predicted Tuesday that "steel production cuts will push coking coal into deep and persisting surplus." Global Commodities analysts Alan Heap and Alex Tonks said, "We expect coking coal prices to fall 50% to US$150 next year." They predicted that seaborne coke prices will remain under pressure "given reduced demand and large stockpiles in India.".... Full Article: Source |