Articles Tagged "jsw"

JSW Steel negotiates rates with Rio

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

Rio Agrees to Slash JSW’s Coking Coal Prices by 43%

The company agreed to cut coking coal prices for India’s JSW Steel Ltd. by 43 percent for the last three months of an annual contract after global demand slumped. Jim Lennon, London-based analyst at Macquarie Group Ltd., said: This shows that companies are willing to be flexible in these unprecedented times, $175, however, is still [...]