Nikkei business daily reported that BHP Billiton plans to increase price of coking coal for Japanese steelmakers by about 8% from the current quarter for the January to March period.
Nikkei report said that BHP plans to sell coking coal to Japanese steelmakers at USD 225 per tonne.
As per report, some Japanese steelmakers are said to have agreed to prices in line with the global miner's demands.
Prices of Australian hard premium quality coking coal rose for two consecutive quarters through the July September period, climbing to USD 225 per tonne before declining to USD 209 in the current quarter through December 31st 2010