| The source said that Rio Tinto iron ore this year, | | | | demand is strong, over the years of iron ore |
| made a long association bid was 50 percent higher | | | | negotiations on China's steel industry has always been |
| than last year's request, and BHP Billiton hopes for | | | | in a passive position, there is no right to speak. The |
| some steel mills to implement the spot index price, | | | | soaring price of iron ore to Chinese steel prices has |
| Vale requires spot prices this year and last year's | | | | brought a heavy cost burden. |
| price of a long association difference on the basis of | | | | In 2008, because of the iron ore spot prices under |
| a further price rise 50 percent requirement. | | | | the hype of all parties are constantly rising, but to |
| "Baosteel will certainly not ahead of Japan and South | | | | accept China's steel prices by almost 80% of the |
| Korea steel prices to accept a 50% price rise, or | | | | long co-price gains. Two months later, the financial |
| certainly lead to condemning the one, and now steel | | | | crisis broke out, iron ore spot prices fall, domestic |
| prices generally low profitability, 50% of the price | | | | and international steel prices also fell after another, |
| increase pressure for us," the source said. "But if | | | | resulting in 2008 China's steel industry, industry-wide |
| Japan and South Korea first accepted this price, we | | | | losses. |
| can only forced to accept, because the mines could | | | | In 2009, the financial crisis, has a long association |
| not supply, but the steel can not be cut." | | | | price down 33%, but because of China Steel |
| "My steel net" analyst Xu Xiangchun, said China's steel | | | | Association adhere to a higher discount, no |
| prices are now very passive, only by raising prices to | | | | agreement between the price, thus turned to the |
| shift costs to the downstream, but the market | | | | spot market, China's steel prices, or privately with |
| demand can be smoothly absorb up, not a good | | | | the signing of 33% of the three mines The so-called |
| prediction. | | | | interim agreement discount prices. |
| He pointed out that steel inventories are still too high. | | | | 2009 iron and steel industry sales profit margin fell to |
| February 22, in 26 large and medium cities, the main | | | | 2.2%, down 53.4%, China's industrial profit margins |
| steel products of up to 15.68 million tons of social | | | | less than half of 5.47%. China Steel Association |
| stock, up 51% over the same period last year. | | | | honorary president of the Wu Xichun said: "With such |
| The high iron ore spot prices of iron ore negotiations | | | | a low profit margin, companies might as well not to |
| also made the situation even more detrimental to | | | | produce, direct deposit bank enjoying the interest on |
| China's steel enterprises. Starting from the last Friday | | | | the cash." If the iron ore will rise again, the present |
| until yesterday, grade 63.5% Indian fine ore to shore | | | | domestic overcapacity, high inventory the status quo, |
| up quotes 140-142 U.S. dollars / ton, the highest in | | | | in 2010 China's steel industry will face even more |
| nearly 18 months since a new high. | | | | severe situation. |
| As China's steel industry concentration is low, iron ore | | | | |