China Steelmaker Of Problem Supplies Iron Ore Raw Material

Cia. Vale do Rio Doce, the Brazilian iron ore producer that is the world’s biggest, has threatened to withhold supplies if China’s big steelmakers don’t pony up a 12% premium on their annual contract price, which was already 71% higher than 2007’s. The Chinese companies seem to have backslid on a mid-year agreement to pay [...]

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