ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

JFE, Kobe Steel shift to market rate for coking coal purchases

Companies join rival Nippon Steel in dropping price negotiation system

TOKYO -- JFE Steel and Kobe Steel have reached a basic agreement with major international mining companies to stop negotiating prices for coking coal; instead, the Japanese steelmakers will gradually introduce pricing based on international benchmarks.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more