Archive for January 13th, 2009
Steel Producers seek record cut in iron ore price
Chinese and Japanese steelmakers have demanded a record 40 per cent cut in iron ore prices in annual benchmark pricing negotiations, but are facing resistance from mining groups.
Vale, Rio Tinto and BHP Billiton, which account for more than 70 per cent of the world’s seaborne-traded ore, privately acknowledge that annual contract prices are likely to [...]
Posted: January 13th, 2009 under Steel Comment, Steel International, Steel News.
Comments: none