|  | 09/02/2010 |
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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
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 | 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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Japan Steel Scrap Composite Prices (Sangyo Press)
8/20/2010
| Converted Price (TTS) | | 85.36 yen / US$ | (in tonnes)
| H2 | 23,100 Yen (+1700) | US$270.62 (+19.92) | | New Cutting (Press) | 28,000 Yen (+1700) | US$328.02 (+19.92) |
* Average of Tokyo, Osaka and Nagoya prices
* What is Japan Steel Scrap Composite Prices |  |
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 | 09/02/2010 |
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Higher LME Price Pushes Japan Cu Price Despite of Higher Yen Rate
JX Nippon Mining & Metals announced on Wednesday the firm increases the official copper ingot price by 20,000 yen to 660,000 yen per tonne for September shipment. The firm tries to reflect higher offshore market while the price level is still 2,700 yen lower than averaged price in August. continuation
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| Higher LME Price Pushes Japan Cu Price Despite of Higher Yen Rate
| | Tatsuta Considers Capacity Expansion for EMI Shielding Film
| | Japan Secondary Aluminium Output Rises by 10.1% in July
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| | LME Settlement Prices 09/01/2010 (Unit:US$) | | Alumi | 2059.0 | | Copper | 7540.5 | | Lead | 2089.0 | | Nickel | 21045.0 | | Tin | 21430.0 | | Zinc | 2089.0 |
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