Tuesday, February 23, 2010

BHP Billiton (ASX:BHP) Japan Coal Prices

BHP Billiton (ASX:BHP) (NYSE:BHP) Japan Coal Prices

A proposal from BHP Billiton (ASX:BHP) to Japanese steelmakers to increase the price of coking coal provided by the company by 55 percent was greeted with luke warm response from the Japanese, to say the least.

BHP has held its coking coal prices down over the last couple of years, probably the reason it through out such hig percentage increase in prices to test the Japanese response. It also could be an attempt to secure higher prices than they hoped for by presenting such a large increase in the first place.

The Japanese have reportedly rejected the prices asked for, and BHP will now start to negotiate in earnest concerning the prices. This was probably BHP telling the Japanese they'll have to pay a lot more this year for the coking coal.

BHP Billiton (ASX:BHP) (NYSE:BHP) Japan Coal Prices

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