BHP raises coking coal prices 55 per cent
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COAL & MINING

BHP raises coking coal prices 55 per cent

01 Apr 2010 1 Min Read CW Staff

BHP Billiton has signed a coking coal deal with Indian steelmakers at $200 per tonne, up 55 per cent from last year's prices. The latest deal is signed for the first quarter ending June 30, 2010. Indian steelmakers are largely dependant on imported coal. Tata Steel imports around 30 per cent coking coal, its UK subsidiary, Corus, buys its entire coal from the market. JSW Steel, too, imports 100 per cent coking coal.

BHP Billiton has signed a coking coal deal with Indian steelmakers at $200 per tonne, up 55 per cent from last year's prices. The latest deal is signed for the first quarter ending June 30, 2010. Indian steelmakers are largely dependant on imported coal. Tata Steel imports around 30 per cent coking coal, its UK subsidiary, Corus, buys its entire coal from the market. JSW Steel, too, imports 100 per cent coking coal.

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