Japanese firms pay 55% more for coking coal
| 05 March 2010
Japanese firms pay 55% more for coking coal
HONG KONG (MarketWatch) -- Nippon Steel Corp. and other major Japanese steel makers have agreed a 55% price increase for supplies of coking coal with BHP Billiton, according to a published report Friday. The price hike, which applies to deliveries in the April to June quarter, will boost the cost of coking coal to $200 per ton, according to Kyodo News, which cited industry sources. The agreement will expire at the end of the three-month period, requiring a new pricing contract for deliveries from July