JSW Steel has already negotiated a 43% cheaper rate for coking coal to be procured from global mining major Rio Tinto for the January to March quarter at USD 175 a tonne, against the contracted price of USD 305 a tonne. For full story, click here
JSW Steel is negotiating a 66% lower rate for coking coal from global suppliers at USD 100 per tonne. For full story, click here
There’s news that SAIL may be able to buy coking coal from BHP Billiton at $150 per tonne. For full story, click here
Sail has access to captive reserves of iron ore but imports coking coal; high prices of this key input have pushed up the company’s raw material bill over the last couple of years. For full story, click here
The outlook for prices may improve in the final quarter of this year because governments’ stimulus measures will have had some time to take effect. For full story, click here
Xstrata Ltd said on Wedenesday mining and transport operations were being disrupted by heavy rains in Australia’s Queensland state. For full story, click here
Slowdown in China’s imports of major base metals would continue to remain a cause for concern in the base metals market. For full story, click here
Market is still not sure how and when the US economic stimulus plan would stir up the weakening demand. For full story, click here
Utah coal mine says it has been forced to shut down major operations a third time in the past two weeks in an escalating safety dispute with federal regulators. For full story, click here
China had dominated the metals market agenda the previous week but last week all eyes were on the world’s largest economy, the United States. For full story, click here
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