|  | 03/08/2010 |
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Japan Major Steels, BMA Agree US$ 200/t Coking Coal Price for April-June
Japanese major integrated steel makers including Nippon Steel and JFE Steel agreed with BHP Billiton Mitsubishi Alliance (BMA) to increase high grade coking coal price to US$ 200 per tonne for April-June shipment, which is 55% higher than annual contract price for fiscal 2009 ending March 2010. They failed to agree the new price system including quarterly price adjustment while BMA seeks shorter price adjustment system and Japanese steel makers insist on annual fixed price. Japanese steel makers accepted the April-June price to secure the supply for the period while they continue the negotiation for price and price system in and after July.
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 | Japan Major Steels, BMA Agree US$ 200/t Coking Coal Price for April-June
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