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Sumitomo Metal Industries, Japan’s third-biggest steelmaker said that BHP Billiton Ltd (BHP:ASX) has requested for more than 10% rise in the price of coking coal for the July-September quarter.
Takeshi Osawa, senior fund manager at Norinchukin Zenkyoren Asset Management is quoted saying:
“The rebounds of stocks are weak, meaning the news of the price hikes had a […]
Sumitomo Metal Industries, Japan’s third-biggest steelmaker said that BHP Billiton Ltd (BHP:ASX) has requested for more than 10% rise in the price of coking coal for the July-September quarter.
Takeshi Osawa, senior fund manager at Norinchukin Zenkyoren Asset Management is quoted saying:
“The rebounds of stocks are weak, meaning the news of the price hikes had a neutral impact and we haven’t yet run out of bad news.”