Rio Tinto denies benchmark agreement with China
by
Liz McCarthy - Lloyd's List
—
last modified
Jul 16, 2009 12:03 PM
Rio Tinto has rejected claims it agreed a 33% cut in iron prices with China’s steel mills.
Market rumours had circulated that the Chinese Iron & Steel Association had committed to a new benchmark price with Rio Tinto, but this was not true, according to the company.
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