Shanxi Province-based Chinese coal company Shanxi Coking Coal Group held a ceremony for the signing of long-term strategic cooperation contracts with customers at Qinhuangdao on November 22, signing long-term coking coal supply contracts with 23 customers.
The group's annual long-term coking coal price for 2018 will be the same as for 2017. Meanwhile, Shanxi Coking Coal Group has plans to eventually issue a coking coal price index, according to which its coking coal prices would be adjusted.
Long-term sales contracts will account for 75 percent of the group's total planned sales volume in 2018. The 23 customers in question include major Chinese major steelmakers such as Hunan-based Valin Steel, Henan-based Anyang Steel, Hunan-based Valin Ly Steel, Beijing-based Shougang, Hebei-based Hebei Iron and Steel, Liaoning-based Bengang Steel Plate, Shandong-based Shandong Iron and Steel, Anhui-based Masteel, Chinese steel giant Baowu Group, Jiangsu-based Shagang Group, Liaoning-based Ansteel, Shanxi-based Taigang Stainless Steel, Jiangxi-based Xinyu Steel, Inner Mongolia-based Baogang, and Xinjiang Autonomous Region-based Bayi Steel.