Source: Financial Times, 5th March 2010
A groundbreaking deal for a 55 per cent increase in coking coal prices, a key input in steelmaking, has been agreed between BHP Billiton , the world's largest miner, and JFE Steel of Japan. The contract, which will run only for the quarter between April and June, marks a break with decades of tradition under which contracts were agreed on an annual basis.





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