May 17, 2017 Volatile Coking Coal Prices likely to affect profitability of Steel sector: Ind-Ra Ind-Ra had highlighted in the report ‘FY18 Steel Outlook: Increased Government Spending will be the Key’ that the softening of input cost would be a key determinant for the steel sector’s profitability. However, price of coking coal has surged by 100% to around USD310/t in April 2017 mom.