China unlikely to accept rumored 50% iron ore price hike
Mar 04, 2010 | 12:12 PM
|
China will find it hard to accept a 50-percent hike in 2010-11 iron ore contract prices, market sources said.
BHP Billiton, Rio Tinto and Vale have tabled a 50-percent demand in benchmark talks, unnamed sources at a large Chinese steel mill told the state-owned China Daily newspaper.
While China could have a tough time resisting demands for such a hike, given current spot prices, Chinese analysts, traders and steel mills said it also would be tough to accept.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here