When China’s steel executives meet next week for their biannual meeting, issues such as first-half performance and oversupply may take a back seat as the industry body braces itself to be grilled about its protracted iron ore talks with global miners. For full story, click here
Australia’s Trade Minister Simon Crean declared that Australian exporters of iron ore and coal are enjoying healthy sales to China thanks to Beijing’s economic stimulus plan, but they could create oversupply if the economy slows. For full story, click here
Pingxiang Iron & Steel, a privately owned Chinese steel maker, reported that it was buying iron ore at discounts of as much as 46 per cent because of an oversupply due to dwindling demand. For full story, click here
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