Coal Investing News » BHP Billiton declared 2009 steel-making coal prices slipped 58%

BHP Billiton declared 2009 steel-making coal prices slipped 58%

June 10, 2009 @ 5:43 am In Coal Company News

Global miner BHP Billiton has agreed to take a 58 percent price cut for the coal it sells to major steel-makers, in line with market expectations and a sharp dip in the international steel industry.

Sydney-based Patersons Securities coal analyst Andrew Harrington stated:

We had assumed 60 percent decline.

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