Coking Coal traded flat at 221 USD/T on February 20, 2026. Over the past month, Coking Coal's price has fallen 8.20%, but it is still 16.32% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Coking Coal.

Monthly and long-term coking coal price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

Coal rose to 143.85 USD/T on March 27, 2026, up 1.30% from the previous day. Over the past month, Coal's price has risen 11.77%, and is up 38.99% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on March of 2026.

Explore the dynamic and volatile hard coking coal price trends influenced by global demand, supply chain disruptions, geopolitical tensions, and the shift towards sustainable energy. Understand the impact of these factors on steel production costs and market strategies.

Latest Coking Coal prices Jan 2026: USA USD 300/MT, Saudi Arabia USD 320/MT. Explore trends & forecast.

In the second quarter of 2025 (Q2 2025), the Australian coking coal price was *** U.S. dollars per metric ton, down from *** U.S. dollars per metric ton in the previous quarter. Coking coal, also known as metallurgical coal, is a low-ash, low-sulfur, low-phosphorus coal that is used to produce coke, which is the main source of carbon used to make steel.

Explore the volatile world of coking coal, a crucial player in steel manufacturing, and how factors like supply dynamics, geopolitical events, and environmental policies impact its pricing trends.

It is forecast that the average price for hard coking coal in 2029 will be ****** nominal U.S. dollars per metric ton. Meanwhile, the average price for semi-soft coking coal is forecast to be ****** nominal U.S. dollars per metric ton that year.

The global coal price index reached 145.08 index points in September 2025. This was a decrease compared to the previous month, while the overall fuel energy price index decreased. The global coal index expresses trading of Australian and South African coal, as both countries are among the largest exporters of coal worldwide. How coal profited from the 2022 gas crunch Throughout 2022, coal prices saw a significant net increase. This was largely due to greater fuel and electricity demand as countries slowly exited more stringent coronavirus restrictions, as well as fallout from the Russia-Ukraine war. As many European countries moved to curtail gas imports from Russia, coal became the alternative to fill the power supply gap, more than doubling the annual average price index between 2021 and 2022. Main coal traders and receivers Although China makes up by far the largest share of worldwide coal production, it is among those countries consuming the majority of its extracted raw materials domestically. In terms of exports, Indonesia, the world's third-largest coal producer, trades more coal than any other country, followed by Australia and Russia. Meanwhile, Japan, China, and India are among the leading coal importers, as these countries rely heavily on coal for electricity and heat generation.

Explore the dynamics of the coking coal market, examining price charts for insights into steel production, economic cycles, and geopolitical impacts, along with factors like global demand, supply fluctuations, and seasonal trends.

Track Coking Coal price trends 2026-2027. Covers blast furnace demand, mining supply output, steel industry data & regional price forecast.

Graph and download economic data for Global price of Coal, Australia (PCOALAUUSDM) from Jan 1992 to Feb 2026 about coal, Australia, World, and price.

View monthly updates and historical trends for Australia Coal Price. Source: World Bank. Track economic data with YCharts analytics.

One of the leading economic industries in Australia, coal mining has contributed significantly to the local economy. In 2025, the price of Australian coal was around 108.4 U.S. dollars per metric ton. Coal market The contribution of the coal mining industry to Australia’s economy was valued in the billions of Australian dollars. Coal consumption is much lower than production in Australia, so most of the mined coal is exported. In fact, Australia exports the most coal by value out of any other country, with major export partners including China and India. Australia’s reliance on its mining exports may lead to potential problems, particularly if long-term demand drops due to emerging alternative fuel sources, climate action, and increased competition from other coal producing countries. The effect on the tens of thousands of Australian workers in the mining industry may have already been felt, with fluctuating employment numbers recorded recently. Environmental impact Of late, the fugitive emissions from coal mining have come under fire due to their contribution to environmental pollution. In Australia, emissions from underground coal mines were projected to total 19 million metric tons of carbon dioxide equivalent by 2030. With a global focus on reducing air pollution and mitigating climate effects, the future of mining in Australia may not be as certain as it once was.

snapshot-tab-pane Metallurgical Coal Market Size 2026-2030The metallurgical coal market size is valued to increase by USD 111.85 billion, at a CAGR of 5.1% from 2025 to 2030. Increasing demand for steel in various industries will drive the metallurgical coal market.Major Market Trends & InsightsAPAC dominated the market and accounted for a 60.3% growth during the forecast period.By Application - Steel making segment was valued at USD 336.57 billion in 2024By Type - Hard coking coals segment accounted for the largest market revenue share in 2024Market Size & ForecastMarket Opportunities: USD 383.17 billionMarket Future Opportunities: USD 111.85 billionCAGR from 2025 to 2030 : 5.1%Market SummaryThe metallurgical coal market is a fundamental pillar of the global industrial economy, providing the essential carbon reductant agent for primary steelmaking. This specialized resource, predominantly hard coking coal and semi-soft coking coal, is converted into metallurgical coke through coal carbonization. This coke is indispensable in the blast furnace for iron ore reduction and pig iron production.Market dynamics are shaped by the relentless demand from infrastructure and manufacturing sectors, juxtaposed with the decarbonization challenge pushing for green steel pathway innovations. A key business scenario involves steel producers optimizing their coal blending strategies, combining different grades like low volatile coal and high volatile coal to manage costs while meeting stringent quality standards for coke strength after reaction.This balancing act between securing high-grade met coal and managing the carbon footprint from a carbon-intensive industry defines the sector's operational landscape. The efficient management of the coking byproduct stream further enhances economic viability, illustrating the industry's move towards greater resource use efficiency.What will be the Size of the Metallurgical Coal Market during the forecast period? Get Key Insights on Market Forecast (PDF) Request Free SampleHow is the Metallurgical Coal Market Segmented?The metallurgical coal industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.ApplicationSteel makingNon-steel makingTypeHard coking coalsSemi-soft coking coalsPulverized coal injectionEnd-userIron and steel industryFoundry industryChemical and pharmaceuticalOthersGeographyAPACChinaJapanIndiaNorth AmericaUSCanadaMexicoEuropeGermanyUKFranceMiddle East and AfricaSaudi ArabiaUAESouth AfricaSouth AmericaBrazilArgentinaColombiaRest of World (ROW)By Application InsightsThe steel making segment is estimated to witness significant growth during the forecast period.The steelmaking segment is the cornerstone of the metallurgical coal market, representing the primary demand driver for high-quality carbon resources.This application is defined by the consumption of coking coal in the primary steelmaking process, where it is converted into metallurgical coke within specialized ovens.This coke is essential for the blast furnace, acting as a reductant for pig iron production and providing structural support. Steel mill procurement focuses on securing high-quality metallurgical coal, particularly prime hard coking coal, to ensure an efficient metallurgical process.The specifications for this steelmaking feedstock are stringent, as the quality of infrastructure and manufactured goods depends on it, with some facilities reporting a 15% improvement in furnace efficiency through optimized coal blending. Request Free SampleThe Steel making segment was valued at USD 336.57 billion in 2024 and showed a gradual increase during the forecast period. Request Free SampleRegional AnalysisAPAC is estimated to contribute 60.3% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. See How Metallurgical Coal Market Demand is Rising in APAC Request Free SampleThe geographic landscape of the metallurgical coal market is dominated by APAC, which accounts for over 60% of the incremental growth. This is driven by massive steel production in countries like China and India to support infrastructure development.North America, particularly the US and Canada, serves as a key supplier of high-quality hard coking coal, leveraging its advanced deep mining and surface mining operations.Europe remains a significant consumer but is heavily import-dependent and faces intense decarbonization pressure, leading to a focus on coke rate reduction and R&D into steelmaking alternatives.In South America, Colombia is

According to Cognitive Market Research, the global Coking Coal market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00%from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa held the major market ofaround 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
The Steel Production held the highest Coking Coal market revenue share in 2024.

Key Drivers of Coking Coal Market

Growing Demand from Steel Industry to Increase the Demand Globally: The steel industry is a major consumer of coking coal, using it as a primary raw material in the production of steel. As the global economy continues to recover from the impacts of the COVID-19 pandemic, the demand for steel is expected to rise, driven by infrastructure development, construction projects, and the automotive sector. This increasing demand for steel is expected to boost the demand for coking coal, as it is an essential component in the steelmaking process. Additionally, the shift towards electric arc furnaces (EAFs) in steel production, which also require coking coal, is expected to further drive the demand for coking coal in the coming years.

Growing Urbanization and Industrialization to Propel Market Growth: Rapid urbanization and industrialization in emerging economies such as China, India, and Brazil are driving the demand for steel and, consequently, coking coal. As these countries continue to invest in infrastructure development, the demand for steel for construction, transportation, and manufacturing purposes is expected to increase. This trend is particularly pronounced in the construction of skyscrapers, bridges, and other infrastructure projects that require large quantities of steel. The growing middle class in these countries is also driving demand for consumer goods, automobiles, and appliances, all of which require steel, thus boosting the demand for coking coal.

Restraint Factors of Coking Coal Market

Environmental Concerns and Regulations to Limit the Sales: One of the key restraints in the coking coal market is the increasing environmental concerns associated with coal mining and steel production. The mining and burning of coal releases greenhouse gases and other pollutants into the atmosphere, contributing to air and water pollution and climate change. In response to these concerns, governments around the world are implementing stricter environmental regulations and emissions standards, which could increase the cost of coal production and limit its use in steelmaking. Additionally, the growing awareness of environmental issues among consumers and investors has led to a shift towards cleaner and more sustainable energy sources, potentially reducing the demand for coking coal in the long run.

Trends of Coking Coal Market

Ongoing Demand from Steel Production in Light of Infrastructure Expansion: Coking coal is an essential component in blast furnace steel production, and its demand remains robust, especially in developing nations engaged in extensive infrastructure and industrial projects. Countries such as India, China, and those in Southeast Asia are propelling the demand for steel in construction, transportation, and urban development, which consequently drives consistent consumption of metallurgical (coking) coal. In spite of worldwide decarbonization initiatives, conventional steelmaking reliant on coking coal is anticipated to retain a significant share in the near to mid-term.

Growing Emphasis on Low-Emission Steelmaking Technologies: Environmental regulations and the imperative to lower carbon emissions are encouraging the steel sector to investigate low-emission alternatives, including...

Japan Input Price Index: Mfg: Mining: Coal: Coking Coal data was reported at 307.200 1995=100 in Jun 2005. This records an increase from the previous number of 302.300 1995=100 for May 2005. Japan Input Price Index: Mfg: Mining: Coal: Coking Coal data is updated monthly, averaging 118.900 1995=100 from Jan 1995 (Median) to Jun 2005, with 126 observations. The data reached an all-time high of 307.200 1995=100 in Jun 2005 and a record low of 91.900 1995=100 in Apr 1995. Japan Input Price Index: Mfg: Mining: Coal: Coking Coal data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.I295: Input Price Index: Gross Weighted: 1995=100: Major Commodity.

Latest Met Coke prices Jan 2026: China USD 240/MT, India USD 484/MT. Explore trends & outlook.

Graph and download economic data for Producer Price Index by Industry: Coal Mining (PCU21212121) from Dec 1985 to Feb 2026 about coal, mining, PPI, inflation, industry, price index, indexes, price, and USA.

The price for one metric ton of Australian thermal coal amounted to an average of ****** U.S. dollars in 2024. This was a notable decrease compared to 2022, when the price amounted to over *** U.S. dollars. Thermal coal, also known as steam coal, is used to generate electricity and its properties include a high moisture and low energy content. It is differentiated from coking coal, or metallurgical coal, which is largely used for steel production. Thermal coal/steam coal prices tend to be lower than coking coal prices, as coking coal requires fewer impurities. Coal consumption: the leading consuming countries Between 2000 and 2023, global coal consumption increased by some ***** exajoules, amounting to roughly *** exajoules as of 2023. Today, China and India are the two leading coal consumers worldwide, at ***** and ***** exajoules, respectively. The two most populous countries on the planet thus accounted for over ********** of total coal consumption in 2023. The U.S. is a leading coal consumer despite the declining U.S. coal mining industry The United States was ranked ***** among the leading coal consuming nations in 2023, however, it has decreased its coal consumption for electricity generation considerably since 2007. This is largely the result of electric utilities switching to cheaper means of energy production such as natural gas and renewables, as well as growing concerns over greenhouse gas emissions. The U.S. coal mining industry has also been on the decline in recent years.