In coking coal price negotiation for July-September, Japanese integrated steel makers agreed with miners to decrease premium coking coal by 15% from the previous term(Apr-Jun). It the lowest price in the past 5 years since the shift toward quarter term contract, and also the lowest since fiscal 2007 even if thinking of the time used annual contract.
Japan Steel Scrap Composite Prices (Sangyo Press)10/18/2018
|36200YEN (-)||41300YEN (-)|
|318.38US$ (-0.82)||363.24US$ (-0.93)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)