Subscribe to RSS feedJapan mulls steel contracts
by
Jim Wilson
—
last modified
Feb 15, 2010 10:06 AM
THE WORLD’S largest coking coal producer, BHP Billiton Mitsubishi Alliance (BMA), has asked Japanese steel mills to accept quarterly contracts which could shift the pricing index from annual agreements.
BMA has offered to sell coal to Japanese steel mills at US$180 per tonne, compared with US$200 a tonne for annual contracts, two coking coal traders said.
Japanese steel mills are expected to resist the proposal because it comes at...
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