China Steel Association Reaches Agreement with Australian Iron Ore Producer
Published:
2009-08-18
The China Iron and Steel Association (CISA) announced that they had reached an agreement in the iron-ore price negotiations with Australian miner Fortescue Metals Group. CISA says they've negotiated a 35 per cent cut from last year's benchmark prices for Fortescue grade ore and a cut of more than 50 per cent for lump ore.
Source
China News Agency
Google Translation
Source
China News Agency
Google Translation
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