[miningmx.com] — BHP Billiton plans to increase price of coking coal for Japanese steelmakers by about 8% from the current quarter for the January-March period, the Nikkei business daily reported.
The paper said BHP plans to sell coking coal to Japanese steelmakers at $225 per ton, which also represents a 70% surge from fiscal 2009.
Some Japanese steelmakers are said to have agreed to prices in line with the global miner’s demands, the Nikkei added.
Prices on high-quality, Australian coking coal rose for two consecutive quarters through the July-September period, climbing to $225, before declining to $209 in the current quarter through Dec. 31, the paper said.
