Broker ICAP launches global coking coal desk in Singapore

Interdealer broker ICAP (LSE: IAP.L – news) ’s energy arm said on Thursday it has launched a global coking coal trading desk in Singapore, taking another step in its push into Asia and capitalising on greater demand for coking coal derivatives. Coking coal is mostly used in blast furnaces to smelt iron ore for steel production. ICAP Energy said coking coal derivatives have grown in significance …
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