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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

Monday, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...


Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
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Sunday, 03 January 10
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Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...


Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...


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