Reports from India suggest that the country's steel makers are reluctant to finalize annual contracts for coking coal for 2009-10 as they are pitching for a price below USD 100 per tonne against a high of USD 300 a tonne in 2008.
Mr V Saran chairman of VISA said that "the global coking coal suppliers are seeking price of around USD 150 per tonne but we want the price of a year back when it was USD 96 per tonne to USD 98 per tonne for annual contract.”
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