Railway rate cut might boost China met coal

摘要

A move by China’s nationalrailway operator to cut delivery charges formetallurgical coal by up to 20% might boostthe competitiveness of domestic materialand reduce consumption of imports, sourcessaid Tuesday.The price for delivering major commodities,such as steel, fuel oil, coal and coke, will be cut15-30% on routes run by its subsidiaries, ChinaRailway Corp said in a notice dated March 18.However, metallurgical and thermal coal priceswill be bilaterally negotiated between regionalrailway companies and customers acrossdifferent geographies, with price drops cappedat 20%, the notice said.