FAS probes coking coal price hikes
The Federal Antimonopoly Service (FAS) of Russia has requested explanations from major coking coal producers regarding price increases starting in October, aiming to assess potential violations of antitrust laws.
Consensus
- The Federal Antimonopoly Service (FAS) has requested information from major coking coal producers.
- The request concerns the increase in coking coal prices starting in October.
- FAS is seeking data on production volumes, sales, cost structure, and planned deliveries.
- FAS will analyze the data to determine if there are signs of antitrust law violations.
- If violations are found, FAS may take antitrust enforcement measures.
Points of divergence
- The FAS inquiry is related to price increases since October 2026, which is inconsistent with the current date (October 2023). — vedomosti
- The FAS inquiry is linked to the expected reduction in the coal industry's consolidated loss from 300–310 billion rubles in 2027 to 100 billion rubles, based on current market conditions. — vedomosti
- The FAS inquiry is connected to a reported price drop in coking coal in Far Eastern ports by 7.7% to $166 per ton by 18 September, attributed to weak demand and Chinese regulatory actions. — vedomosti
- The FAS inquiry is based on data from the Center for Price Indices (ЦЦИ) showing a decline in coal prices due to reduced demand and Chinese regulators urging increased coal production. — vedomosti
Coverage (2 sources)
- FAS requested explanations from producers of coking coal regarding price increases — Ведомости
- FAS requested data from coking coal producers on reasons for price increase since October — Интерфакс