Japanese Integrated Steel Makers Agrees to Drop Coking Coal Price by 15%

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.

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