China Steel Asking For Lower Iron Ore Price
China Steel Corp. (TPE:2002) is asking iron ore suppliers to cut first-quarter prices because of slowing demand.
China Steel Corp. (TPE:2002) is asking iron ore suppliers to cut first-quarter prices because of slowing demand.
Reuters reported China Steel (TPE:2002) plans to ask miners BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO) to delay iron ore.
By Kishori Krishnan Exclusive To Iron Investing News Iron clad deals are in play. Chinese steel and iron ore group Baosteel has proposed to pay US$ 1.6 billion for a 30 per cent stake in Anglo American‘s (AAL.L) huge Minas Rio iron ore mine in Brazil. Traders maintain that any deal with Baosteel could help [...]
According to a trader, Taiwan’s import price of pig iron is settled at USD 345 per tonne. For full story, click here
Get our independent commentary on iron trends and companies delivered to your inbox.