Anglo, Nippon Steel agree to Q3 coking coal at $120/mt, unchanged from Q2

摘要

Anglo American and Nippon Steel &Sumitomo Metal Corp. Thursday settled premium hardcoking coal quarterly negotiations for July-September at$120/mt FOB Australia, unchanged from the April-June price,market sources said Friday.The outcome, after several weeks of protracted negotiations,could be seen as favorable for steelmakers, given that mostmarket observers expected a settlement at $120-123/mt.