Czech coal miner NWR said on Wednesday that it has agreed Q1 contracts with an 18 percent rise in coking coal prices and 29 percent rise in coke prices. The price of coking coal will rise to 103 euros under the new contracts. Coking coal makes up 60 per cent of NWR’s output.
The miner is targeting steady coal production in 2010 after hitting 11 million tonnes last year, having earlier estimated production at 10.5 million tonnes for the year. A recovery in the central European steel industry has led to an increase in demand for NWR’s coking coal products.
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