Jul 19, 2026 – 8.01pmThe biggest buyer of Australian commodities, Korean conglomerate Posco, wants to change the way coal exports are priced, adding to pressure on the nation’s resources sector as China pushes to rewrite the rules for iron ore pricing.Posco’s head of raw materials procurement, Jahyun Koo, said the systems for pricing Australian coking coal were being distorted by a small number of transactions that inflate prices, and it was time for the industry to collaborate on a new model.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Major Australian coal customer calls for export pricing overhaul
As China pressures miners for a new iron ore price system, Australia’s $38 billion coking coal industry is being challenged to change the way its exports are priced.
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