Coal rose to 115.15 USD/T on July 31, 2025, up 0.09% from the previous day. Over the past month, Coal's price has risen 3.00%, but it is still 19.22% 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 August of 2025.

API2 Rotterdam coal futures amounted to 96.65 U.S. dollars per 1,000 metric tons on June 2, 2025 for contracts with delivery in June 2025. API2 Rotterdam is a Europe-wide coal price benchmark. Import prices for thermal coal became more volatile following the Russia-Ukraine war and European Union sanctions on Russian coal imports. However, since 2024, the AP12 Rotterdam as well as the worldwide coal price index have been comparatively stable.

Russia Average Export Price: CIS: Coal data was reported at 93.700 USD/Ton in 2017. This records an increase from the previous number of 65.200 USD/Ton for 2016. Russia Average Export Price: CIS: Coal data is updated yearly, averaging 61.850 USD/Ton from Dec 1994 (Median) to 2017, with 24 observations. The data reached an all-time high of 135.000 USD/Ton in 2011 and a record low of 18.500 USD/Ton in 1999. Russia Average Export Price: CIS: Coal data remains active status in CEIC and is reported by Federal Customs Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC005: Average Export Price: Annual.

One ton of coal on the domestic market in Russia cost approximately *** thousand Russian rubles on average in 2020, marking a decrease from the previous year. The coking industry had the highest coal price, while the lowest cost was recorded for power generation needs.

Russia Average Export Price: Coal data was reported at 74.600 USD/Ton in 2017. This records an increase from the previous number of 53.600 USD/Ton for 2016. Russia Average Export Price: Coal data is updated yearly, averaging 54.700 USD/Ton from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 103.000 USD/Ton in 2011 and a record low of 16.500 USD/Ton in 1999. Russia Average Export Price: Coal data remains active status in CEIC and is reported by Federal Customs Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC005: Average Export Price: Annual.

The global coal price index reached 140.02 index points in June 2025. This was an increase compared to the previous month, which also reflected a rise 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, China, and India are among the leading coal importers, as these countries rely heavily on coal for electricity and heat generation.

Coal Price in Russia - 2022. Find the latest marketing data on the IndexBox platform.

The Russian coal market rose remarkably to $44B in 2024, picking up by 6.1% against the previous year. In general, the total consumption indicated a moderate increase from 2012 to 2024: its value increased at an average annual rate of +2.5% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -5.1% against 2022 indices.

Exports of Coal CMLV in Russia increased to 17560.50 USD Million in December from 15197.60 USD Million in November of 2021. This dataset includes a chart with historical data for Russia Exports of Coal CMLV.

Russia Avg Producer Price: OKPD2: Coal: Anthracite data was reported at 2,432.450 RUB/Ton in Jan 2019. This records an increase from the previous number of 1,845.390 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Coal: Anthracite data is updated monthly, averaging 1,926.100 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 2,432.450 RUB/Ton in Jan 2019 and a record low of 1,832.130 RUB/Ton in Feb 2018. Russia Avg Producer Price: OKPD2: Coal: Anthracite data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB001: Average Producer Price: Mining and Quarrying.

Russia Avg Producer Price: OKPD2: Coal: Brown Coal data was reported at 750.850 RUB/Ton in Jan 2019. This records an increase from the previous number of 725.400 RUB/Ton for Dec 2018. Russia Avg Producer Price: OKPD2: Coal: Brown Coal data is updated monthly, averaging 711.350 RUB/Ton from Jan 2017 (Median) to Jan 2019, with 25 observations. The data reached an all-time high of 793.690 RUB/Ton in Aug 2018 and a record low of 651.060 RUB/Ton in Jun 2017. Russia Avg Producer Price: OKPD2: Coal: Brown Coal data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PB001: Average Producer Price: Mining and Quarrying.

The average export price of Russian coal in Northwestern European markets reached ** U.S. dollars per metric ton in the first seven months of 2021, which was ** U.S. dollars lower than in exports to China. For both destinations, the export prices of coal increased compared to 2013.

Europe’s hard coal mining revenue is forecast to slump at a compound annual rate of 0.1% over the five years through 2025. Coal has been continually phased out in energy production, weighing on demand for the industry’s largest market and weakening revenue prospects for coal miners. Despite the long-term shift away from coal, supply chain disruptions caused by the Russia-Ukraine conflict have led to uncertainties surrounding the supply of natural gas, leading to many nations increasing their consumption of coal as a power source in 2022, spurring an increase in price and, as such, revenue. However, coal consumption has since eased with prices nosediving in 2023. In 2025, revenue is expected to climb by 23.4% to €23.4 billion, mainly because of rising coal prices as many European mines close down, limiting coal supply. Still, easing supply chain disruptions and falling gas prices have weakened demand for coal in the power generation sector, weakening prices and revenue. Power generators are continually phasing out coal as a fuel source to work towards environmental targets. Coal is also being slowly phased out of other key markets like steelmaking due to its negative environmental impact. Burning coal as a power source contributes significantly to greenhouse gas pollution and contains toxic and carcinogenic substances. Advances in electric arc furnaces and renewable energy production are accelerating this shift. Over the five years through 2030, revenue is forecast to climb at a compound annual rate of 1.3% to €24.963 billion. Demand from power generators will continue to stall as alternative fuel sources, like renewables and nuclear power stations, come online and become increasingly efficient. However, a slow phasing out of coal in many European countries, including major consumers like Germany and Poland, will cushion the fall in revenue over the next five years. However, falling coal prices will contribute to weaker revenue and profitability.

Explore the Russian coal market with Argus Russian Coal, offering in-depth insights, price assessments, and trend analyses crucial for industry stakeholders and policymakers. Stay informed on production, export dynamics, geopolitical influences, and risk management strategies for success in the global energy landscape.

Russia Avg Purchasing Price: OKPD2: Coal: Coal & Enriched Anthracite data was reported at 2,898.020 RUB/Ton in Dec 2018. This records a decrease from the previous number of 3,233.030 RUB/Ton for Nov 2018. Russia Avg Purchasing Price: OKPD2: Coal: Coal & Enriched Anthracite data is updated monthly, averaging 2,846.985 RUB/Ton from Jan 2017 (Median) to Dec 2018, with 24 observations. The data reached an all-time high of 3,386.820 RUB/Ton in Sep 2018 and a record low of 2,433.450 RUB/Ton in May 2017. Russia Avg Purchasing Price: OKPD2: Coal: Coal & Enriched Anthracite data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Global Database’s Russian Federation – Table RU.RBL011: Average Purchasing Price: Energy.

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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 metallurgical coal market is propelled by rising global steel demand, particularly in Asia Pacific, where infrastructure projects and smart city initiatives drive significant consumption. Technological advancements, such as 3D mine visualizers and proximity detection systems, enhance mining efficiency, supporting market growth. In North America, steady demand stems from automotive and construction sectors, while Europe's market thrives due to steel production in countries like Germany and Russia. Sustainability trends push for high-quality coal to support efficient, eco-friendly steel production. However, 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 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 footprin

Russia Average World Price: Coal data was reported at 105.500 USD/Ton in May 2018. This records an increase from the previous number of 94.200 USD/Ton for Apr 2018. Russia Average World Price: Coal data is updated monthly, averaging 85.700 USD/Ton from Jan 2011 (Median) to May 2018, with 88 observations. The data reached an all-time high of 123.800 USD/Ton in Apr 2011 and a record low of 53.400 USD/Ton in Jan 2016. Russia Average World Price: Coal data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Prices – Table RU.PC002: Average World Prices, Crude Oil Export Price, Crude Oil Export Duty.

The U.S. Central Appalachian coal price is a key indicator for coal prices across the country. The region includes parts of Eastern Kentucky, Virginia, West Virginia, and Tennessee, which are some of the largest coal producing states in the country. At the end of 2023, the Central Appalachian coal spot price stood at 73.59 U.S. dollars per metric ton. This was less than half the average price in 2022. Coal commodity prices surged in 2022 as sanctions on Russian imports, production loss in Australia, and a temporary export ban in Indonesia put pressure on supply volumes. Other important global coal benchmarks include the Northwest Europe marker price, Australia's Newcastle, and China's Qinhuangdao price.

Price for Coal Other than Lignite in Russia - 2022. Find the latest marketing data on the IndexBox platform.

Revenue is forecast to dwindle at a compound annual rate of 3.9% over the five years through 2025. Major economies have moved away from coal-fired power plants in favour of more sustainable and environmentally friendly electricity generation methods to work towards climate goals. Lignite is also less popular than hard coal and leaves a larger carbon footprint due to its higher moisture content and lower carbon content. The consumption of lignite, or brown coal, has fallen significantly, weighing on revenue prospects for lignite miners. In 2025, revenue is forecast to dive by a further 18.8% to €19.2 billion. Higher coal prices in 2022 supported revenue, but as prices have fallen from their peak and continued to trend downwards, this has accelerated the negative impact on revenue. Uncertainties surrounding the supply of gas have forced many countries in Europe to increase their coal consumption, though as these uncertainties have dissipated, demand and consumption have continued their downward trajectory, hurting revenue. Over the five years through 2030, revenue is expected to tumble at a compound annual rate of 8.1% to €12.6 billion. The continual phasing out of coal and lignite-fired power stations will continue weighing on demand and consumption of lignite, exacerbating the fall in revenue. The ongoing trend of weakening prices will also weigh on revenue and profitability as mines cannot reduce operating costs when a mine is at or near capacity, forcing lignite miners to absorb a greater portion of costs at the expense of bottom lines. High lignite consumption in some non-EU countries like Turkey and the Western Balkans might cushion the revenue fall in the short term.