Iron ore price negotiations – CISA sees 10pct hike in 2010
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Metal Biz reported that while analysts forecast a boosted steel demand in 2010, the China Iron & Steel Association also sees a 10% rise in 2010 to 2011 fiscal year’s iron ore contract prices, as steel production will need more iron ore.
According to analysis from officials of CISA, China will surely seek a
separate pricing mechanism on the 2010’s iron ore contract price. If
the new mechanism comes true, China will definitely take cost advantage
to competitors from other area.Source: MetalBiz
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Loading- China has not yet received news of the Rio new pricing mechanism
- Germany is pushing for reforms to coal and iron ore volumes
- CISA see: Domestic steel market, a better performance in 2010
- BHP Billiton iron ore pricing should be transparent
- BHP Billiton iron ore pricing should be transparent
- China is looking for a new iron ore negotiation mechanism
- China is looking for a new iron ore negotiation mechanism
- Chinas interest should be considered part of Iron Ore Talks
- China s interest should be considered part of Iron Ore Talks
- China MiIT supported CISA and CCCMC in negotiations with foreign companies
- Anben Karara iron ore project approved, and probably kick-off in Q4
- Anben Karara iron ore project approved, and probably kick-off in Q4
- Mills Press for in 2010 iron ore talks
- China vows steel mills in iron ore talks support
- Iron ore price negotiations – Vale to follow, Rio Tinto and BHP
China has yet to receive the official message from Rio Tinto that China can use a different pricing mechanism in the 2010 iron ore negotiations, said Chen Xianwen, director of the Marketing Department of the China Iron and Steel Association (CISA). Sam Walsh, chief executive officer of Rio Tinto’s iron
Australia coal and iron ore producers are leading an international push to radically overhaul the pricing system for their commodities. The price of coking coal and iron ore have traditionally been set on a yearly contract basis, known as benchmarking. But as demand for these vital ingredients of steel soars,
Luo Bingsheng, the executive vice chairman of the China Iron&Steel Association (CISA), has predicted that the steel market in China will indicate a better performance in 2010. Mr.
Mining giant BHP Billiton called on Sunday for a more transparent system of pricing iron ore to replace the current system of negotiation. The comments follow the detention in China last month of four employees of rival Rio Tinto, including Australian citizen Stern Hu. They have been accused of illegally obtaining commercial
Mining giant BHP Billiton called on Sunday for a more transparent system of pricing iron ore to replace the current system of negotiation. The comments follow the detention in China last month of four employees of rival Rio Tinto, including Australian citizen Stern Hu. They have been accused of illegally obtaining commercial
China’s steel industry signed a high profile price cut agreement with Australia’s Fortescue Metals Group Ltd (FMG), avoiding Rio Tinto and BHP Billiton. This shows China’s intention to break the traditional negotiation model, so as to weaken the influence of the three iron ore giants. It also shows the willingness of
On August 17, China’s steel industry signed a high profile price cut agreement with Australia’s Fortescue Metals Group Ltd (FMG), avoiding Rio Tinto and BHP Billiton. This shows China’s intention to break the traditional negotiation model, so as to weaken the influence of the three iron ore giants. It also shows
China’s interest should be reflected in the ongoing iron ore negotiations and China advocates sticking to the mechanism for long-term iron ore price agreements, Yao Jian, spokesman for the Ministry of Commerce, said Tuesday.
China’s interest should be reflected in the ongoing iron ore negotiations and China advocates sticking to the mechanism for long-term iron ore price agreements, Yao Jian, spokesman for the Ministry of Commerce, said Tuesday. Yao said his ministry and the industry ministry support Chinese steel firms in the iron ore
Zhu Hongren, spokesman for China’s Ministry for Industry and Information Technology (MIIT) has made a statement against the background of the iron ore contract price talks for 2010.
The Karara Iron Ore Project jointly operated by the Australian iron ore company Gindalbie and the Chinese Anben Iron and Steel Group has been approved by Australia’s relevant authorities, enabling the project to kick off in the fourth quarter. Gindalbie made the announcement this week, saying the approval marks a
The Karara Iron Ore Project jointly operated by the Australian iron ore company Gindalbie and the Chinese Anben Iron and Steel Group has been approved by Australia’s relevant authorities, enabling the project to kick off in the fourth quarter. Gindalbie made the announcement this week, saying the approval marks a
Chinese mills are trying to keep iron ore prices rising less than 30 percent in this year’s industry talks with the big three global miners, the New Express Daily reported yesterday. It was reported that delegations from Baosteel, Wuhan Iron and Steel and others are already in Singapore to hold
China said Tuesday it will support domestic steel mills in their thorny iron ore price negotiations with global miners even after the Australian government bluntly told Beijing to stay out of the talks. “As the world’s largest iron ore consumer, the interests of Chinese steel mills should be reflected in
According to source from Vale, Vale has not yet prepared for the coming annual iron ore benchmark talk. Source familiar with the environment disclosed that “Vale will not present any results in advance or initiatively
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