Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 2 terms
The coal used to make coke for blast-furnace steelmaking.
India imports most of what its steel industry uses, so its global price and the rupee directly move steelmakers’ costs.
The steel price minus the cost of the iron ore and coking coal needed per tonne.
It largely decides a steelmaker’s profit per tonne, and both sides of it are set by global markets.