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China Steelmaker Company Anticipates Result Of Iron Ore Prices Negotiation
Chinese steel manufacturers say they would rather cut their production than cave in on their iron ore price cut demands.
The secretary general of the China Iron and Steel Association said domestic steel manufacturers are anticipating a breakdown in iron ore contract negotiations.
China’s Steel Companies Fear Disastrous Steel Oversupply and Low Demand
China’s steelmakers are facing low demand and potentially disastrous oversupply, supporting their insistence on a 40 percent cut in benchmark iron ore prices.
China Steel Company Talks With Iron Ore Mining Companies (Vale, Rio and BHP) About Iron Ore Price
China’s steelmakers are facing low demand and potentially disastrous oversupply, supporting their insistence on a 40 percent cut in benchmark iron ore prices, an industry group executive said on Tuesday.
Nanjing Iron and Steel Group Opinion Iron Ore Prices Can Be Settle Every Quater
According to Mr Yang Siming, board chairman of Nanjing Iron and Steel Group, iron ore benchmark price in this year can be settled every quarter on the basis of steel market performance and forecasts.
Mining Prices Forecast : Oversupply Iron Ore Mine Make Iron Ore Mine Producer May Lead Discount Prices
Cia. Vale do Rio Doce, BHP Billiton Ltd. and Rio Tinto Group, the three largest iron ore producers, may engage in a discount competition in China because of an oversupply, Mysteel Research Institute said.
Iron Ore Prices To Decline While Steel Company Demand Decline
Iron ore, the prime raw material for making steel, could see a further decline in prices. While the steel demand has declined heavily, iron ore prices, which more than doubled last year, remain vulnerable to a decline.
China Cut Demand Prices Brazilian and Australian Iron Ore Shipment
China’s steel producers will demand price cuts of around 40% for Brazilian and Australian iron ore to be delivered starting April, according to a Chinese newspaper report, but analysts doubt prices will drop that much.
BHP Billiton Will Cut Iron Ore Production 25% on Demand
BHP Billiton Ltd., the world’s largest mining company, may need to cut iron ore production by about a quarter next year as a slump in global steel output curbs demand for the raw material, Merrill Lynch & Co. said.
BHP, the world’s third-biggest iron ore producer, may curb output from mines in Western Australia by [...]
Iron Ore Mine Exporter, Fortescue Suspend Work on Australia Iron Ore Railroad
Fortescue Metals Group Ltd., Australia’s third-largest iron ore exporter, suspended work on a railroad carrying the steelmaking ingredient, signaling a deepening slump in demand from Chinese customers.
Contractor NRW Holdings Ltd. was told to stop building the line in Western Australia, Perth-based NRW said today in a statement. Cameron Morse, a spokesman for Fortescue, referred to [...]
