Indonesia's push for global steam-coal pricing policy faces reality check

In a bid to strengthen the country's bargaining power in global coal markets, the Indonesian government plans to require that export sales prices of thermal coal are based on the domestic benchmark price, known as HBA, Mysteel Global has learned. However, analysts suggest the proposal may face challenges if put into practice.

Addressing a press conference on February 3, Bahlil Lahadalia, Indonesia's minister of energy and mineral resources, reaffirmed the government's intent to move forward with the HBA-based export pricing policy, saying that a ministerial decree to enforce the measure is being worked on. He reiterated that coal exporters could have