Business Services Industry
Slow going as Chinese mills drag the chain on iron ore.
Australasian Business Intelligence, June, 2006
Byline: Stephen Wyatt
Jun 07, 2006 (The Australian Financial Review - ABIX via COMTEX) -- The three large mining companies are still negotiating iron ore prices with Chinese steel mills. Brazil's Companhia Vale do Rio Doce and Australia's BHP Billiton and Rio Tinto have settled on a 19 per cent price rise for 2006-07 contracts with other buyers. They argue that a global benchmark price has been set by the deals with European, Japanese and South Korean steel mills. Chinese mills are investigating different pricing formulas but are expected to accept the same price rise.
Publication Date: 8 June 2006
BHP BILLITON LIMITED - ASX BHP
RIO TINTO LIMITED - ASX RIO
COMPANHIA VALE DO RIO DOCE
SHANGHAI BAOSTEEL GROUP CORPORATION...
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