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Home >> Daily Focus >> Baosteel stopped iron ore negotiation with BHPBillitonLtd, RioTintoPLC and Vale
Baosteel stopped iron ore negotiation with BHPBillitonLtd, RioTintoPLC and Vale
Author: TNC     From: TNC Database     Pub-time: 2008-01-17     Hits:     Font size: Larger  Middle  Small
Abstract: Baosteel stopped iron ore negotiation with BHPBillitonLtd, RioTintoPLC and Vale

 

China's largest steel maker Baosteel has stopped iron ore negotiation with BHPBillitonLtd, RioTintoPLC and Vale ,"Australian Financial Review" said.

In the negotiation, the Chinese side would accept the 30%  increase(of iron ore price ), despite ore suppliers requires 50%,a metal trader from Shanghai claimed.
Editor: tnc-sxy
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