Business Services Industry
Canberra in urgent ore-price talks.
Australasian Business Intelligence, March, 2006
Byline: Mary-Anne Toy and Tim Colebatch and Barry FitzGerald
Mar 08, 2006 (The Age - ABIX via COMTEX) -- The Australian Government has asked China to explain the imposition of price caps on steel-
making raw materials. Commentators believe that Chinese authorities are attempting to limit rises in the price of iron ore supplied by Australian-listed BHP Billiton and Rio
Tinto, and Brazil's Companhia Vale do Rio Doce. The Chinese Government has officially denied that any orders have been issued
restricting iron ore prices to $US54 a tonne.The Chinese Embassy in Australia has also refuted claims that ships carrying iron ore at prices above the cap will be turned...
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