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Friday, 15 January 10
POSCO SAYS 2010 COKING COAL AGREEMENT MAY BE DELAYED - BLOOMBERG


Posco, South Korea’s biggest steelmaker, said an agreement on coking coal prices for this year may be delayed because major suppliers of the steelmaking ingredient demand a change in the pricing system.

Suppliers prefer quarterly pricing rather than annual contracts, the Pohang, South Korea-based company said in earnings information given to investors in Seoul today. Coking coal suppliers hold annual talks with steelmakers to fix benchmark contract prices for the 12 months from April 1.

Prices of iron ore and coking coal for immediate delivery remain strong as demand rose because of an economic recovery, Posco said today.
Source: Bloomberg



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Recent News

Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...


Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
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Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...


Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...


Saturday, 09 January 10
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Handy The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...


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