Coal fell to 104.85 USD/T on June 6, 2025, down 0.14% from the previous day. Over the past month, Coal's price has risen 6.18%, but it is still 21.17% lower than a year ago, 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 June of 2025.

It is forecast that the average price for hard coking coal in 2026 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.

In the third quarter of 2024 (Q3 2024), the Australian coking coal price was 211 U.S. dollars per metric ton, down from 243 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.

Get the latest insights on price movement and trend analysis of Coking Coal in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Learn about the factors influencing the price of coking coal, including global demand, supply, trade policies, geopolitical tensions, and economic growth. Understand how fluctuations in the global steel industry and regional markets impact coking coal prices. Explore the impact of the COVID-19 pandemic and discover the future factors that will influence coking coal prices.

China Settlement Price: Dalian Commodity Exchange: Coking Coal: 4th Month data was reported at 890.000 RMB/Ton in 08 May 2025. This records a decrease from the previous number of 905.000 RMB/Ton for 07 May 2025. China Settlement Price: Dalian Commodity Exchange: Coking Coal: 4th Month data is updated daily, averaging 1,253.500 RMB/Ton from Mar 2013 (Median) to 08 May 2025, with 2945 observations. The data reached an all-time high of 3,781.500 RMB/Ton in 19 Oct 2021 and a record low of 499.000 RMB/Ton in 24 Nov 2015. China Settlement Price: Dalian Commodity Exchange: Coking Coal: 4th Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price: Daily.

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Metallurgical Coal Market Size 2025-2029

The metallurgical coal market size is forecast to increase by USD 99.6 billion at a CAGR of 4.8% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing demand for steel, a primary consumer of metallurgical coal. This trend is particularly prominent in regions with robust industrial sectors, such as Asia Pacific. Another key driver is the rise of smart city projects, which require substantial amounts of steel and consequently, metallurgical coal. However, the market is not without challenges. The volatility in prices of metallurgical coal, influenced by supply and demand dynamics and geopolitical factors, poses a significant risk for market participants.
Companies seeking to capitalize on the opportunities presented by this market must stay abreast of price fluctuations and adopt strategic sourcing and pricing strategies. Additionally, investments in technological advancements, such as automation and mechanization, can help improve operational efficiency and reduce costs. Overall, the market offers substantial growth potential for companies able to navigate the price volatility and adapt to evolving market conditions.

What will be the Size of the Metallurgical Coal Market during the forecast period?

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The market encompasses the production and trade of coal used primarily in steel manufacturing. This market exhibits dynamic behavior, influenced by various factors. High-sulphur utilization and medium-ash applications in iron ore smelting remain significant drivers, while price fluctuations in thermal coal markets can impact metallurgical coal demand. Environmental concerns, including air pollution and mining safety, necessitate continued innovation in mining industry practices and technologies. Mining resources and reserves, mining sustainability, and mining equipment automation are essential considerations for market participants. Steel industry outlook, infrastructure development, and sustainable infrastructure projects, such as bridge construction and commercial space development, shape demand for metallurgical coal.
Renewable energy alternatives and sustainable mining practices are gaining traction, potentially impacting the market's future direction. Mining project management, equipment maintenance, and mining investment are crucial elements in the metallurgical coal supply chain. Steel production technology advancements and iron ore smelting processes continue to evolve, influencing the market's size and direction. The transportation and logistics sector plays a vital role in delivering coal to consumers, ensuring efficient and cost-effective solutions. Mining industry outlook remains positive, driven by the ongoing demand for steel and infrastructure development.

How is this Metallurgical Coal Industry segmented?

The metallurgical coal industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Steel making
  Non-steel making


Type

  Hard coking coals
  Semi-soft coking coals
  Pulverized coal injection
  Medium Coking Coal


End-User

  Iron and Steel Industry
  Chemical and Pharmaceutical
  Foundry Industry
  Non-Steel Production
  Power Industry


Geography

  APAC

    China
    India


  North America

    US
    Canada


  Europe

    France
    Germany
    Russia
    UK


  Middle East and Africa

    UAE


  South America

    Brazil


  Rest of World

By Application Insights

The steel making segment is estimated to witness significant growth during the forecast period.

Metallurgical coal plays a crucial role in steel manufacturing as it is the primary input for coke production in the blast furnace process and the electric arc furnace (EAF) route. Steel production, a key indicator of economic development, saw a 3.3% increase in global crude steel output to 145.5 million tons (Mt) in November 2023, according to the World Steel Association. Concurrently, the global apparent steel use per capita surpassed 200 kilograms, marking an over 10% rise. Both steel manufacturing processes, BF-BOF and EAF, necessitate metallurgical coal. While the former requires substantial volumes, the latter demands lower quantities.

The steel industry's growth is driven by infrastructure development, urbanization, and the increasing demand for construction, high-grade steel for various industries, and premium hard coking coal for medical applications. The market dynamics are influenced by factors such as coal quality standards, sustainable mining practices, carbon footprint reduction, and cost reduction through mining technology advancements and automation. Additionally, environmental degradation and air quality concerns have led to st

Learn about the price fluctuations of metallurgical coal over the years and understand the factors that influence its price. Explore the impact of supply disruptions, demand from the steel industry, and the effects of the COVID-19 pandemic on the metallurgical coal market.

The global coal price index reached 138.87 index points in May 2025. This was a decrease compared to the previous month, which also reflected a fall in the overall fuel energy price index. 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 curtailing 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, South Korea, and Germany are among the leading coal importers, as these countries rely heavily on coal for electricity and heat generation.

Explore the dynamics of coking coal prices through comprehensive price charts, essential for stakeholders in the steel industry. Understand historical trends, volatility factors, and market analysis to make informed investment and trading decisions. Learn how geopolitical events, supply disruptions, and global demand impact these crucial commodities.

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.

Impact of Covid-19 on the Coking Coal Market

The COVID-19 pandemic has had a significant impact on the coking coal market, leading to disruptions in production, supply chains, and demand. The lockdowns and restrictions imposed to curb the spread of the virus resulted in a slowdown of economic activity, leading to a decrease in demand for steel and, consequently, coking coal. Many steel mills around the world either shut down or operated at reduced capacity, leading to a decline in coking coal consumption.

However, despite these challenges, the coking coal market showed resilience, with prices remaining relatively stable due to the gradual recovery of the global economy and the resumption of steel production. Governments around the world implemented stimulus packages to support economic recovery, which boosted infrastructure projects and construction activities, leading to an increase in ...

South Korea Coking Coal data was reported at 192.000 USD/Ton in 15 May 2025. This stayed constant from the previous number of 192.000 USD/Ton for 14 May 2025. South Korea Coking Coal data is updated daily, averaging 268.000 USD/Ton from Jul 2021 (Median) to 15 May 2025, with 973 observations. The data reached an all-time high of 662.750 USD/Ton in 15 Mar 2022 and a record low of 172.000 USD/Ton in 02 Apr 2025. South Korea Coking Coal data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.P: Raw Material Prices.

1805 Global import shipment records of Coking,coal with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

China Settlement Price: Dalian Commodity Exchange: Coking Coal: 5th Month data was reported at 876.000 RMB/Ton in 13 May 2025. This records a decrease from the previous number of 878.000 RMB/Ton for 12 May 2025. China Settlement Price: Dalian Commodity Exchange: Coking Coal: 5th Month data is updated daily, averaging 1,246.250 RMB/Ton from Mar 2013 (Median) to 13 May 2025, with 2948 observations. The data reached an all-time high of 3,682.500 RMB/Ton in 19 Oct 2021 and a record low of 490.500 RMB/Ton in 24 Nov 2015. China Settlement Price: Dalian Commodity Exchange: Coking Coal: 5th Month data remains active status in CEIC and is reported by Dalian Commodity Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Dalian Commodity Exchange: Commodity Futures: Settlement Price: Daily.

India Coal: Representative Price: Non-Coking: Grade: G11 data was reported at 1,855.000 INR/Ton in Feb 2025. This records an increase from the previous number of 1,852.000 INR/Ton for Jan 2025. India Coal: Representative Price: Non-Coking: Grade: G11 data is updated monthly, averaging 1,900.000 INR/Ton from Mar 2020 (Median) to Feb 2025, with 60 observations. The data reached an all-time high of 3,085.000 INR/Ton in Jun 2022 and a record low of 1,379.000 INR/Ton in Sep 2020. India Coal: Representative Price: Non-Coking: Grade: G11 data remains active status in CEIC and is reported by Ministry of Coal. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBT002: Coal: Representative Price.

India Coal: Representative Price: Non-Coking: Grade: G15 data was reported at 1,124.000 INR/Ton in Mar 2025. This stayed constant from the previous number of 1,124.000 INR/Ton for Feb 2025. India Coal: Representative Price: Non-Coking: Grade: G15 data is updated monthly, averaging 1,124.000 INR/Ton from Mar 2020 (Median) to Mar 2025, with 61 observations. The data reached an all-time high of 2,519.000 INR/Ton in Jun 2022 and a record low of 760.000 INR/Ton in Jul 2020. India Coal: Representative Price: Non-Coking: Grade: G15 data remains active status in CEIC and is reported by Ministry of Coal. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBT002: Coal: Representative Price.

India Coal: Representative Price: Non-Coking: Grade: G13 data was reported at 1,626.000 INR/Ton in Mar 2025. This records a decrease from the previous number of 1,671.000 INR/Ton for Feb 2025. India Coal: Representative Price: Non-Coking: Grade: G13 data is updated monthly, averaging 1,710.000 INR/Ton from Mar 2020 (Median) to Mar 2025, with 61 observations. The data reached an all-time high of 2,960.000 INR/Ton in May 2022 and a record low of 1,180.000 INR/Ton in Jul 2020. India Coal: Representative Price: Non-Coking: Grade: G13 data remains active status in CEIC and is reported by Ministry of Coal. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBT002: Coal: Representative Price.

First, domestic prices were measured based on the Polish Power Coal Market Index for sales to professional and industrial energy (PSCM1). Since 2017, coal prices in Poland have been steadily increasing, reaching the highest price of ****** zloty/metric ton in the third quarter of 2023. Global coal prices were measured by the ARA index (based on the prices of futures contracts in the ports of Amsterdam-Rotterdam-Antwerp). The ARA index has fallen since the third quarter of 2018, closing the second quarter of 2020 at *** zloty/metric tons. In the fourth quarter of 2024, coal prices were lower on the global market than on the Polish market (considering the current USD/PLN exchange rate), reaching over *** zloty per metric ton.

Graph and download economic data for Global price of Coal, Australia (PCOALAUUSDM) from Jan 1990 to Apr 2025 about coal, Australia, World, and price.

Coal: Representative Price: Non-Coking: Grade: G4 data was reported at 5,396.000 INR/Ton in Mar 2025. This records a decrease from the previous number of 5,660.000 INR/Ton for Feb 2025. Coal: Representative Price: Non-Coking: Grade: G4 data is updated monthly, averaging 6,042.000 INR/Ton from Mar 2020 (Median) to Mar 2025, with 61 observations. The data reached an all-time high of 12,420.000 INR/Ton in Jun 2022 and a record low of 3,524.000 INR/Ton in Jun 2020. Coal: Representative Price: Non-Coking: Grade: G4 data remains active status in CEIC and is reported by Ministry of Coal. The data is categorized under India Premium Database’s Energy Sector – Table IN.RBT002: Coal: Representative Price.