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No Comment from BHP Regarding 24 Percent Coking Coal Price Cut
Sep. 13, 2012 04:15PM PST
Industrial Metals InvestingMineweb reported that news that BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) plans to cut coking coal prices for Japanese steelmakers by 24 percent from October to December has not been confirmed as BHP opted not to comment.
Mineweb reported that news that BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) plans to cut coking coal prices for Japanese steelmakers by 24 percent from October to December has not been confirmed as BHP opted not to comment.
As quoted in the market news:
The reported 24 percent cut matches the steep fall in spot coking coal prices, which have slumped to around $165 a tonne for the key steel-making fuel, amid an unexpected slowdown in demand from China and weaker steel output around the region.