North American Coal Exports to South Korea on the Rise, SSY Says
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South Korea is sourcing more coking coal from North America than Australia for the first time in 20 years, SSY Consultancy & Research Ltd., said.
North American exports of the coal, used in steelmaking, to South Korea are forecast to reach 11.9 million metric tons this year, the London-based division of global shipbroker Simpson, Spence & Young said by e-mail today. That’s higher than Australian exports, forecast at 11.5 million, and the first time since 1991 that Australia’s coking coal shipments to South Korea are lower than North America’s, SSY said.