Japanese major steel makers including Nippon Steel and JFE Steel start talks with coal suppliers in the week toward coking coal price negotiation for fiscal 2008 shipment. They already started talks with some miners and have major talk with world largest coking coal supplier of BHP Billiton Mitsubishi Alliance (BMA) on Friday. They apparently exchange the views on supply and demand condition. The negotiation could be severe for the steel makers when the world supply is tight partly due to higher import by China and Australian infrastructure bottleneck.The buyers and BMA apparently don’t start price negotiation in the talk. They exchange the views on price influencing factors including supply and demand outlook and mining and steel industry condition. The steel makers share the view that coking coal supply is tight. The buyers recognize the price change should be moderate based on long term relationship while the miners are more aggressive in recent years as BMA offered 2.2 times hike for fiscal 2005.Annual negotiation price between Japanese steel makers and BMA is standard for Asian market. They agreed to reduce the price by US$ 18 to FOB 98 per tonne for premium coking coal for fiscal 2007 from fiscal 2006, which decreased to less than US$ 100 for the first time in 3 years.
M | T | W | T | F | S | S |
---|---|---|---|---|---|---|
« Apr | ||||||
1 | 2 | 3 | 4 | 5 | ||
6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 | 31 |
Japan Steel Scrap Composite Prices (Sangyo Press)
- Agenda for Change Agreement
- Retention Bonus Agreement Pdf
- Car Rental Agreement Sample Free Uk
- Company Sale and Purchase Agreement Template
- Party Wall Agreement Cost London
- Wto Sps Agreement Ppt
- Athlete Representation Agreement
- Property Management Agreement Example
- China-Europe Comprehensive Investment Agreement
- Agreement on Subsidies and Countervailing Measures
- Agreement for the Provision of Marketing Services
- Prenuptial Agreement Form Nys
- Home for Sale by Owner Contract Form
- Business Combination Agreement Lilium
- Uk Dutch Double Taxation Agreement
- Quickbooks Online Service Agreement
- Simple Loan Agreement with Balloon Payment
- Agreements Form
- Liquidated Damages for Breach of Confidentiality Agreement
- An Agreement Synonyms