China is still in talks with the world’s major iron ore firms for the annual supply deal, Friday’s Shanghai Securities News reported, citing Shan Shanghua, secretary-general of the China Iron & Steel Association (CISA).  CISA demands all steelmakers around the

country accept one unified iron ore import price once the price for
2009 is determined, said Shan during an expanded conference of the CISA
standing council.
The measure aims at regulating excess iron ore import of small
steelmakers and intermediary traders, which had hampered the
negotiation by creating unnecessary demand, said Shan.  In the first
half of this year, iron ore import soared by 29.29 percent year on year
to 297 million tonnes, while intermediaries imported 131 million
tonnes, up 90.43 percent from last year.  However, Shan did not reveal
when the negotiation would reach an agreement.  China has been working
to seek a cut of more than 40 percent in iron ore price from the
world’s three biggest mining companies — Vale of Brazil, Rio Tinto and
BHP Billiton, said the CISA earlier.
The association said in a statement in late May that China’s steel
companies would refuse to accept the 33-percent price cut reached
between Rio Tinto and Japan’s Nippon Steel Corp.  Such price cuts would
lead to overall losses for Chinese steel companies, said CISA.  If the
CISA failed to reach a supply agreement with any of the three biggest
mining companies — Vale of Brazil, Rio Tinto and BHP Billiton –
Chinese steel makers would have to turn to the spot market for
supplies.
According to the statistics released by the CISA Thursday, 71 large and
medium steel manufacturers gained 1.73 billion yuan (253.29 million
U.S. dollars) in the first two quarters.

Source: Xinhua

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• CISA: iron ore import price proposal or to

    The head of the China Iron and Steel Association (CISA) has refuted previous media reports that the National Development and Reform Commission rejected its proposal to unify the iron ore import price, the Beijing Times reported today. CISA chairman Shan Shanghua said the association is still pushing for a unified price

• CISA: iron ore negotiations will normally

    The 2010 iron ore pricing negotiation between Chinese steel producers and ore giants are going on in a “normal and natural” manner, Beijing Morning Post cited Deng Qilin, vice chairman of China Iron and Steel Association (CISA) and general manager of Wuhan Iron & Steel Group (Wugang). Deng’s words scotched

• CISA: iron ore price negotiations still in progress

     China is still in talks with the world’s major iron ore firms for the annual supply deal, Friday’s Shanghai Securities News reported, citing Shan Shanghua, secretary-general of the China Iron & Steel Association (CISA).  CISA demands all steelmakers around the country accept one unified iron ore import price once the price

• The deadlock of Sino-Australian iron ore negotiations in domestic steel mills led to losses

    Some research institutes said that the effort made by China to ask Australian ore makers to reduce more price did not benefit domestic steel mills, instead lift their purchasing cost. China hopes to get more beneficial price from Australian manufacturers, but its efforts backfired. The body pointed out that some steel mills

• CISA hopes to close, u0026quot for iron ore

    Deng Qilin, president of China Iron and Steel Association (CISA) as well as the general manager from WISCO pointed that CISA hoped to conclude the iron ore price specially for China rather than follow the price signed by other Asian steel enterprises and international mines. CISA and relevant departments are

• Chinese steel producer Baosteel in turn results in iron ore negotiations

    After the failure to achieve any result in the 2009 iron ore price talks, the China Iron and Steel Association (CISA) has again ceded its place to leading Chinese steelmaker Baosteel as the chief negotiator on the Chinese side in the 2010 iron ore price negotiations. China’s Ministry of Industry

• CISA: iron ore is no capacity for increase

    Luo Bingsheng, executive vice president from China Iron and Steel Association (CISA) said in the world steel conference that “China’s excessive imports of iron ore reached about 50mln tons, therefore, the price is no space for rising”. The data from Customs indicated that China’s imported iron ore was 405mln tons around

• CISA promotes unified iron ore

    Despite difficulties, the promotion of a national unified iron ore price is underway. As long-contract iron ore prices have yet to be determined this year, the CISA is considering putting forward a unified guide price, said Shan Shanghua, secretary-general of the China Iron and Steel Association (CISA), according to a

• Iron ore price negotiations – CISA sees 10pct hike in 2010

    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

• RPT-China steel group says on ore imports disability

     The China Iron and Steel Association (CISA), the de facto negotiator for the country’s steel mills in annual term iron ore price talks, said on Friday that excess iron ore imports are a serious hindrance in the talks.  CISA, the country’s steel industry group, expects the country’s crude steel production to

• Stocks in China, prices of steel products in Q4 result: CISA warns

    China could see a drop in steel products price on the domestic market in the fourth quarter due increasing stockpiles of rolled steel and billet, warned the China Iron & Steel Association (CISA) Tuesday.

• CISA says speculation on iron ore imports should be punished

    Deng Qilin, president of the China Iron and Steel Association (CISA) and also general manager of Chinese steelmaker Wuhan Iron and Steel Co. (WISCO), stated on February 6 that efforts would be made to strengthen discipline in China’s iron ore importing activities so as to improve China’s efforts at the

• Baosteel Replace CISA in Leading Iron Ore Talks

    Baosteel Group Corp. will lead Chinese steelmakers in 2010 contract iron ore price talks, replacing the China Iron and Steel Association as chief negotiator, the news Web site QQ.com said without citing anyone. The steel association, known as CISA, failed to meet expectations in this year’s talks with the world’s

• Baosteel\u0026#39;s iron ore negotiations will continue

    China will abandon its disastrous experiment of putting the China Iron & Steel Association in charge of iron ore price negotiations this year, the Australian newspaper reports. The nation’s biggest steelmaker, Baosteel, will be brought back to its traditional role in the frontline of the next round of discussions in December. The

• BHP reports do not follow Fortescue \ u0026 # 39; s iron ore reduction is

    BHP Billiton Ltd. (BHP.AU) won’t follow the iron ore prices reached between Chinese steel mills and Australian miner Fortescue Metals Group Ltd. (FMG.AU), the China Securities Journal reported Monday, citing senior officials with BHP Billiton China. Chinese steel mills and Fortescue Metals Monday said they have reached an agreement on iron