Teck Resources and Rio Tinto in line to sell coaking coal to Japanese steelmakers for 200 dollars/metric tonne

摘要

Published reports have international mining giants Teck Resources and Rio Tinto having joined BHP Billiton in agreeing to supply for $200/metric tonne during the second quarter hard coking coal to Japanese steelmakers. The new quarterly priced agreements cement a new era for the coking coal business, one in which deals traditionally priced on an annual basis are going the way of all flesh. Nippon Steel, JFE Steel and Sumitomo Metal are among those Japanese steel mills that have agreed to pricing on a quarterly basis, according to the Nikkei business daily.