March 2008 | Steel Raw Materials
Baosteel, Rio Tinto price talks rumble on: Iron Ore Analysis
Annual contract price negotiations between China's Baosteel Group and Rio Tinto rumble on.
Annual contract price negotiations between Chinas Baosteel Group and Rio Tinto rumble on. Sources close to negotiations hint that a decision will be made in early April, however both sides seem determined to hold out. As we have noted since negotiations began earlier in the year, Rio is demanding a so-called freight premium on top of Brazilian miner Vales settled price of 65% (71%...
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