News
Steel mills resisting higher iron ore prices.
Issued at 2010-06-21
Tweet
Steel mills in China, the world’s biggest, are resisting efforts by Vale SA, Rio Tinto Group and BHP Billiton Ltd. to raise contract prices after steel dropped and the European debt crisis roiled markets, the China Iron and Steel Association said.
“The outlook for the European market is unclear and steel prices may keep falling,” Shan Shanghua, general secretary of the association, said in an interview. “I dare say right now no Chinese steelmakers would accept the third-quarter prices asked.”
Source: People Daily on line
Tweet
Related News
- Brazil and China should cooperate in the field of environmentally friendly steel: study
- Germany increased steel production by 4.8% y/y in February
- Global high-grade iron ore market is set to grow
- Global iron ore exports rise modestly in CY'25 as Brazil drives growth
- Iron ore prices rose by nearly 7% in March amid supply risks
- China expands restrictions on iron ore imports from BHP
- Germany - Trimet Aluminium’s Essen foundry reaches 10 million tonnes aluminium casting milestone
- Here's the Top 15 List of Pig Iron Companies 2026
- See all News
