IRON PRICE TALKSDelayed iron ore talks favour miners as China grows

Asian steelmakers may lose their battle for a steep cut in annual iron ore prices, as firm spot prices of the commodity and steady steel output growth in... Full Article

Source . : http://www.miningweekly.com/

17th April 2009

SEOUL - Asian steelmakers may lose their battle for a steep cut in annual iron ore prices, as firm spot prices of the commodity and steady steel output growth in China, the world's top steelmaker, outweigh a glum outlook elsewhere.

Steel mills facing pressure to cut prices from struggling car makers, shipbuilders and electronics firms have pressed for a quick iron ore settlement before the end of April, but few analysts and traders see any immediate prospect of a deal as miners eye recent signs of economic recovery. ...

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