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Iron and Steel News09/02/2010

Nippon Steel, JFE Steel Agree with BMA to Cut Coking Coal Price by 7%
Nippon Steel and JFE Steel agreed with world largest coking coal supplier, BHP Billiton Mitsubishi Alliance (BMA) of Australia to reduce premium hard coking coal purchase price in October-December by 7% from July-September by Tuesday. Sumitomo Metal Industries and Kobe Steel also agree with BMA as such. The quarterly price decreased for the first time since the price setting entered into quarterly basis since April. However, the price is 62% higher than annual price in fiscal 2009 ended March 2010 and 4.5% higher than April-June quarterly price under tight supply. Japanese integrated steel makers will set the coking coal price with other miners while the makers will start negotiation with miners for quarterly price for semi hard coking coal and coal for pulverized coal injection.
continuation


Today's Japan Metal Bulletin E-mail
Nippon Steel, JFE Steel Agree with BMA to Cut Coking Coal Price by 7%
Mitsui Corp Integrates Domestic and Overseas Steel Trade into Subsidiary
Japanese Steel Export to Thailand Expected to Increase
Japan Carbon Steel Export Decreases by 12.3% M/M in July
Japan Ferrous Scrap Export Price Shows First Drop in 2 Months

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Kobe Steel publishes factbook and sustainability report online

Japan Steel Scrap Composite Prices (Sangyo Press)
8/20/2010
Converted Price (TTS)
85.36 yen / US$
(in tonnes)
H223,100 Yen (+1700)US$270.62 (+19.92)
New Cutting (Press)28,000 Yen (+1700)US$328.02 (+19.92)

* Average of Tokyo, Osaka and Nagoya prices
* What is Japan Steel Scrap Composite Prices




Nonferrous Metal News09/02/2010

Higher LME Price Pushes Japan Cu Price Despite of Higher Yen Rate
JX Nippon Mining & Metals announced on Wednesday the firm increases the official copper ingot price by 20,000 yen to 660,000 yen per tonne for September shipment. The firm tries to reflect higher offshore market while the price level is still 2,700 yen lower than averaged price in August. continuation



Today's Japan Metal Bulletin E-mail
Higher LME Price Pushes Japan Cu Price Despite of Higher Yen Rate
Tatsuta Considers Capacity Expansion for EMI Shielding Film
Japan Secondary Aluminium Output Rises by 10.1% in July

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LME Settlement Prices 09/01/2010 (Unit:US$)
Alumi2059.0
Copper7540.5
Lead2089.0
Nickel21045.0
Tin21430.0
Zinc2089.0






















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Metal News of the last 5 days
Iron and Steel News-Latest News
09/02/2010
Nippon Steel, JFE Steel Agree with BMA to Cut Coking Coal Price by 7%

09/01/2010
Kobe Steel Eyes Potential ITmk3 Plants in Resource Rich Countries

08/31/2010
Japan Weekly Steel Scrap Composite Price Rises Again

08/30/2010
Japan Special Steel Output to Keep High Level in 2H F2010

08/27/2010
Nisshin Steel to Optimize Color Coating Operation in Chiba

Nonferrous Metal News - Latest News
09/02/2010
Higher LME Price Pushes Japan Cu Price Despite of Higher Yen Rate

09/01/2010
Qatalum to Restart Qatalum Al Smelting Soon, Norsk Hydro CEO

08/31/2010
METI to Secure Higher Budget for Mineral Resource Exploration in F2011

08/30/2010
Anglo Asia Trading to Expand Thai Al Alloy Capacity by 25-30%

08/27/2010
Nikkei MC Aluminium Signs Technical Aid Pact to China Alloy Maker


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