13
Dec
13:57
NSSMC coking coal contracts set benchmarks
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) has signed premium coking coal contracts for the first quarter of 2017 with Glencore and Teck Resources. The price was up 42.5% from Q4 2016 and carries the risk that spot prices could fall below that level in the coming months, Kallanish notes.
NSSMC has confirmed it will pay $285/tonne fob Australia in the two deals, up from the $200/t fob it agreed for the current quarter with Peabody Energy. T…
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Anonymous
Very good overview of the weekly steel market.
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