Subscribe to RSS feedChina eyes iron ore price cuts of 33%
by
Michelle Wiese Bockmann, London
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last modified
Jun 11, 2009 12:48 PM
CHINESE steelmakers have been tipped to accept iron ore price cuts averaging around 33%, similar to those agreed last month by South Korean and Japanese mills.
The China Iron & Steel Association (CISA) refused to comment on reports on Monday that the country’s largest steelmaker, Baosteel, would accept Rio Tinto’s 2009 contract price.
The world’s second-largest iron ore producer last month cut prices by a...
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