23
Mar
11:00
Coking coal contracts see first increase since 2013
Quarterly coking coal contracts are beginning to be settled for the second quarter of 2016 and are up for the first time since the last quarter of 2013. The market is not out of the doldrums yet however and prices could drop again later in the year, Kallanish notes.
Nippon Steel and Sumitomo Metal Corporation and Anglo Coal have reportedly settled their latest quarterly hard coking coal contract at $84/t fob Australia, up $3/t from the previous quarter. The turn…
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Anonymous
Very good overview of the weekly steel market.
Anonymous