BHP Billiton (BHP) Pushes Through 55% Increase in Coking Coal Prices, Quarterly Pricing - Iron Ore Also Potentially Set to Soar
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Some interesting developments late last week in the "steel making components" sector; coking coal and iron ore. BHP Billiton (BHP) was able to push through a 55% increase with JFE Steel (Japan), and move from annual pricing to quarterly pricing - I am not sure which of those two is more striking. While the duration of the contract is a potential game changer, the fact such a strong increase in price can happen when the w
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