BHP Australia Coal, which negotiated the hard coking coal price, took a 1 . 2 million cut in tonnages to 5 . 8 million tons.
22.
He said the agreement involved the delivery of 5 million tons for hard coking coal, down slightly from 5.8 million tons in 1995 / 96.
23.
Ltd . on Thursday won price rises at the higher end of market expectations for 1996 / 97 hard coking coal exports to Japanese steel mills.
24.
Some suggested the final price for March 31 1997 hard coking coal contracts might be set between US dlrs 1.00 and US dlrs 1.30 a ton higher.
25.
He said the agreement involved the delivery of 5 million tons for hard coking coal, down slightly from 5 . 8 million tons in 1995 / 96.
26.
Those rises included US dlrs 5.65 a ton for hard coking coal and US dlrs 5.95 a ton for semisoft coking coal and were the first secured since 1990.
27.
ABN Amro Hoare Govett coal analyst David Walker said the initial expectations in the industry for a US dlrs 3.50 a ton increase for hard coking coal had softened substantially.
28.
Some suggested the final price for March 31 1997 hard coking coal contracts might be set between US dlrs 1 . 00 and US dlrs 1 . 30 a ton higher.
29.
Lill said the fall in volume partly reflects the fact that the Japanese steel mills will use a lower proportion of hard coking coal and a higher proportion of weak coking coal.
30.
ABN Amro Hoare Govett coal analyst David Walker said the initial expectations in the industry for a US dlrs 3 . 50 a ton increase for hard coking coal had softened substantially.
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