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Ascendis Pharma (ASND) Q2 2026 Earnings Call Transcript

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Coking Coal Prices Surge 25%, Squeezing India's Steelmakers

Indian steelmakers are reeling from a jump in coking coal prices this year that is squeezing their margins and delaying capacity expansion in the steelmaking industry, analysts and industry executives…

  • Coking coal prices surge 25% in 2025, squeezing Indian steelmakers' margins.
  • India imports up to 95% of its coking coal demand, making it vulnerable to price spikes.
  • Supply disruptions and geopolitical tensions drive up freight costs from Australia.

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