Iron ore prices in 2009 is commoditi mine who come to the attention of the iron ore producers and steel manufacturer company, because the iron ore producers and steel companies do not set a definitive price for the purchase of iron ore. China is a country that maintains demand discounted contract iron ore price largest. Alotnya process iron ore price negotiations between China and Rio Tinto result in arrest cases occur staff Rio Tinto by the Chinese government, because pembocoran state secret.

Large steel mill in Japan and settled in other places there about one year in the last third of the price under the contract, to reflect the fall in commodity prices, but China’s factories have been holding for a better deal.

China’s efforts to maintain demand discounts that high iron ore, China is a strategy to get the iron ore prices lower next year.

According to Westpac analysis, China’s iron ore supply is enough and demand of iron ore in the next year will likely decrease. Estimated China’s iron ore import in 2010 reached only half the iron ore import from the previous year. Therefore, the high demand of iron ore into China this year for China’s power to negotiate to get the iron ore prices lower.

Westpac analysis shows that Chinese iron ore prices could jump further if the steel mill does not strike a deal with China on price.

It said China’s steel price trends on the increase, the balance in 2008, U.S. steel prices are 22 percent lower in May 2009, but prices continue to languish Europe.

China’s industry minister said that the global iron ore prices may not continue because of increasing trends in China continue to attempt to tear down the steel industry and to reduce excess production capacity.

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