BHP Billiton the world's biggest miner, has notified major Japanese steelmakers that from April it wants monthly prices......

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Coal Explorer: As per reports and information from our sources, BHP Billiton the world's biggest diversified miner, has notified major Japanese steelmakers that from April it wants monthly pricing of metallurgical coal to replace quarterly pricing.The Anglo-Australian company wants to benefit from higher prices for steel-making coal, the newspaper said, adding steelmakers oppose the switch, fearing frequent price changes would make production costs more volatile.Nippon Steel Corp the world's fourth-biggest steelmaker, and JFE Steel Corp the No.5, declined to comment. Sumitomo Metal Industries Ltd and Kobe Steel Ltd said they had not received any such notice from BHP.