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Xstrata to Meet Japan Customers Next Week Ahead of Steam Coal Price Talks

https://en.steelhome.com [SteelHome] 2012-09-07 10:28:29

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Representatives of Xstrata will be in Japan next week to exchange views with its steam coal customers in Japan in the run-up to the April 2012-March 2013 contract price negotiations, which are expected to take place in March, a Japanese source said Monday.

"There will just be an exchange of market views. The actual price negotiations will take place in March," the Japanese source said.

Japan secures its coal requirements mainly through term contracts, most of which span the April-March fiscal year period.

Meanwhile, the Japanese utility Tohoku will lead the price negotiations.

"I heard it will be Tohoku," the Japanese source said.

Platts

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