NEWS
IRON and STEEL   Coal  

JFE Steel settles 1Q semi-soft contract at $131/t fob

Japan's JFE Steel has agreed to a first-quarter 2019 contract price of $131/t fob Australia for semi-soft coking coal with Indonesian producer Adaro and Australian mining firm Stanmore Coal.

The settlement price was for an Adaro semi-soft product from Kalimantan in Indonesia and for the Issac Plains semi-soft brand from Stanmore, sources close to the negotiations said. It was not known if there was any progress on negotiations with Australian producer Glencore and Chinese-backed Yancoal.

Rival Japanese steel producer Nippon Steel and Sumitomo Metal are currently still in negotiations for fourth-quarter 2018 semi-soft prices.

JFE's January-March semi-soft settlement price is just $1/t higher than the company's previous settlement of $130/t fob with Stanmore Coal for October-December 2018.

News No: 3223
Date: 2019/01/10 - 16:06
News Source: Argus Media

JFE Steel  coking coal  Australia  Nippon Steel 

Comments:

Leave a Comment:

   
   
   
 

Japan’s Nippon Steel Eyes Increase in its Crude Steel Output in FY20

Nippon Steel, the world’s third largest steel manufacturer has set a target to raise its crude steel output to 11 MnT per quarter in the fiscal year starting from 1 April 2019. The average of estimated quarterly output for the ongoing financial year 2019 comes in at 10.3 MnT.
 

Newcrest inks $65-million JV deal with Greatland Gold

Australia’s largest gold producer, Newcrest Mining (ASX: NCM), continued its deal-making spree Tuesday by setting a joint venture with Greatland Gold (LON:GGP), which will focus on advancing the explorer’s Havieron project in Western Australia's Paterson region.
 

EU HRC: German caution dampens prices

Continuing macroeconomic uncertainty continues to dampen the northwest European hot-rolled coil (HRC) market.
 

Newcrest grabs majority stake in Canadian copper-gold mine

Australia’s largest gold producer, Newcrest Mining, (ASX: NCM) is acquiring a 70% joint-venture interest in Imperial Metals’ (TSX: III) Red Chris copper and gold mine, located in British Columbia, Canada, as part of an ongoing push by the world’s top bullion miners to get even bigger.
 

JSW Steel Iron Ore Imports Fall Significantly Amidst Soften Domestic Prices

JSW Steel - India's largest steel maker recorded Jan19 iron ore imports at 0.19 MnT, down significantly by 79% as against 0.91 MnT in Dec’18. The miner imported 0.19 MnT of ore from Australia (down 74% M-o-M), and recorded nil imports from Brazil.
 

Australia: Iron Ore Exports Down 15% M-o-M in Jan19

Australia - world's largest iron ore exporter has recorded decline in export shipments in Jan19, according to the vessel line up data maintained with SteelMint.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners