Platt’s are quoting media reports that the big three iron ore miners have asked China’s five largest steel mills for a provisional 40% rise in iron ore prices and at least one has indicated a willingness to agree to the increase.
The increase has been discussed with each of the five separately and a source close to the negotiations claims that the miners are optimistic that the steel producers will agree a price in the next few weeks.
Click here for archived stories on this topic
No comments:
Post a Comment