CISA to Allow Chinese Steel Mills to Purchase Iron Ore at a "Provisional Price" as Negotiations Continue
Published:
2010-04-29
Yesterday at the second China Iron and Steel Association (CISA) press briefing for 2010, Luo Bingsheng, executive vice-chairman of the association, informed the media that CISA is still in negotiations with the three global mining giants that dominate iron ore trade and that negotiations had not been broken off. He went on to say that he understood and approved of many steel companies currently buying iron ore from BHP, Rio Tinto and Vale at a "provisional price". He hopes the problem of stalled iron ore negotiations can be solved by raising it to the level of national strategy.
Source
The Beijing News
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