NSSMC not using index to price contract cargoes of PCI, semi-soft coking coal

Nippon Steel & Sumitomo Metal Corp (NSSMC) will retain the conventional method of one-to-one price negotiations with producers to determine the price for quarterly contract cargoes of pulverized coal injection (PCI) materials and semi-soft coking coal.

A spokeswoman confirmed this to Metal Bulletin on Tuesday June 13.
A day earlier, the steelmaker – Japan’s largest – had told Metal Bulletin that it would adopt an index-linked pricing mechanism for its quarterly contract shipments of premium hard coking coal.

“The shift to index-linked pricing for premium hard coking coal is not only...


Deepali Sharma

June 13, 2017

11:18 GMT