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Japan steelmakers, BHP in talks to cut Q4 coal price 24 pct-source
September 13, 2012 / 1:11 AM / in 5 years

Japan steelmakers, BHP in talks to cut Q4 coal price 24 pct-source

TOKYO, Sept 13 (Reuters) - Japanese steelmakers and BHP Billiton are in talks to cut coking coal price for the October-December quarter by 24 percent from the preceding quarter to $170 per tonne to reflect a slowdown in demand, a source familiar with the matter said on Thursday.

The two parties have yet to reach a final agreement, the source said.

The price would be the lowest level since the quarterly pricing system was adopted in April 2010.

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