Australian premium hard coking coal has increased by ₹15 per tonne since the beginning of 2026, which was majorly driven by supply tightness caused by disruption in mining and force majeure declarations following heavy rainfall in Queensland. CFR India levels have also moved higher despite limited trading activity and thus, the market participants remain cautious, but the underlying supply constraints are likely to support prices.

Metallurgical coke prices in India remain firm, supported by rising coking coal costs and improving steel price sentiment.

However, it has been anticipated that prices will stabilize in the near future, supported by strong steel demand despite current disruption.