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Iron and Steel News06/02/2010

Japan Major Steel, BMA Settle Coking Coal Quarter Price
Japanese major steel makers including Nippon Steel and JFE Steel agreed with world coking coal supplier, BHP Billiton Mitsubishi Alliance (BMA) of Australia to increase hard coking coal price by 12.5% in July-September from April-June. The price is 74% higher than annual contract price in fiscal 2009 ended March 2010. The steel makers will settle the price with other miners. Their raw materials cost will increase more in July-September when iron ore price is expected to increase in July while they will negotiate with miners for soft coking coal and pulverized coal injection (PCI) coal.


Today's Japan Metal Bulletin E-mail
Japan Major Steel, BMA Settle Coking Coal Quarter Price
Japan Steel Makers in Hard Price Negotiations for Jul-Sep Sheet Export
Japan Ferrous Scrap Price Declines 35,000 yen/t
Nippon Steel Increases Steel Tube Price by 10% for Jul-Sep
Japan H-beam Import Increases around 13 times in April

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