12
Jun
13:15
NSSMC shifts to spot coking coal pricing
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) has ended negotiations on quarterly coking coal benchmark pricing and decided to base its coking coal contracts by referencing price indices, the company says. The company had strongly resisted the move to index-linked pricing but volatility over the last nine months meant it took ever longer to agree a new quarterly price, Kallanish notes.
NSSMC has now pulled out of negotiations to set…
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Anonymous
Very good overview of the weekly steel market.
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