Business Services Industry
China ready for 10pc ore price rise.
Australasian Business Intelligence, April, 2006
Byline: Stephen Wyatt
Apr 04, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Despite conflicting indications, it appears that the Chinese steel industry may accept a 10 iron ore price rise. One of the major steel makers, Baosteel, has indicated that 10 would be acceptable. Negotiations between the world's top three iron ore producers, Australia-based Rio Tinto and BHP
Billiton and Brazil-based Companhia Vale do Rio Doce, and buyers have been long, and were complicated by the Chinese Government's threat to become involved. However speaking
in Australia on 3 April 2006, Chinese Premier Wen Jiabao stated that commercially-agreed prices were...
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