Coal Investing News » BHP Requests 10% Coal Price Hike

BHP Requests 10% Coal Price Hike

May 27, 2010 @ 3:50 pm In Coal Market News

Sumitomo Metal Industries ^[1], Japan's third-biggest steelmaker said that BHP Billiton Ltd (BHP:ASX) has requested for more than 10% rise in the price of coking coal for the July-September quarter.

Takeshi Osawa, senior fund manager at Norinchukin Zenkyoren Asset Management is quoted saying:

"The rebounds of stocks are weak, meaning the news of the price hikes had a neutral impact and we haven't yet run out of bad news."

Click here to access the entire news ^[2]

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URLs in this post:

[1] Sumitomo Metal Industries: http://www.sumitomometals.co.jp/e/profile/profile.html

[2] Click here to access the entire news: http://www.reuters.com/article/idUSSGE64P0KK20100527