Japanese blast furnaces steel makers agreed with big miners to remain coking coal price for July-September at Apr-Jun level. Though there were signs of bottoming out while outputs were decreasing in Australia and Canada caused by closure of high cost coal mine, it stop short of correction.
Japan Steel Scrap Composite Prices (Sangyo Press)08/16/2018
|34800YEN (-)||39700YEN (-)|
|311.8US$ (2.19)||355.7US$ (2.5)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)