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 exceed 500 million tonnes in this year, a
level similar to last year’s production, it said in a press release.
CISA is still holding out for a better deal than a cut of 33 percent
earlier agreed by Japanese counterparts with Australian miner Rio Tinto.
China’s talks with BHP Billiton, Rio Tinto and Vale were clouded this
year by Rio’s rejection of a further tie-up with Chinese aluminium firm
Chinalco, and the country’s detention of four Shanghai-based Rio
employees for allegedly stealing state secrets.

Source: Reuters

Search to find what you want

• 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

• 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

• 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

• China Daily steel production 1.67 million t in early August-source –

    China’s daily crude steel production in early August was estimated at 1.67 million tonnes, an industry source said on Thursday, citing data from the China Iron and Steel Association (CISA), the country’s industry group. The figure was nearly 10 percent higher than CISA’s early July daily production data, and was up

• 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

• China crude steel production increased by 13.8% in 2009

    China’s crude steel output increased by an estimated 13.8% year on year to 569 million tons in 2009, said country’s Ministry of Industry and Information Technology.

• CISA see: Domestic steel market, a better performance in 2010

    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.

• 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

• 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

• 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

• 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

• China Steel wants to cut iron ore imports

    China’s steel association wants to cut iron ore imports and will keep pushing for a unified price that erases the difference between spot and term prices, senior officials from the body said on Tuesday. The China Iron and Steel Association (CISA) represented Chinese iron ore buyers in pricing talks last

• China Steel wants to cut iron ore imports

    China’s steel association wants to cut iron ore imports and will keep pushing for a unified price that erases the difference between spot and term prices, senior officials from the body said on Tuesday. The China Iron and Steel Association (CISA) represented Chinese iron ore buyers in pricing talks last

• China iron ore talks in chaos

    THIS year’s iron ore contract price is unlikely to be made in China, as China’s steel association widens its rift with mining companies and even its own steel mill members. A senior mining executive told BusinessDay that the China Iron & Steel Association had so far “repeated all the mistakes

• China Steel Body woos small miners ore talks stall as paper

    The China Iron and Steel Association is looking to sign long-term iron ore deals with suppliers outside Australia and Brazil as talks with major miners stay deadlocked, a domestic newspaper reported on Friday. CISA, China’s chief negotiator in the protracted price talks with Australia’s Rio Tinto and BHP Billiton and Vale