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Iron ore rate cut ‘plan’ in the bagImported iron ore being
unloaded at a dock in Zhejiang province. Zhang Heping
China’s steel industry had a new plan for talks with overseas suppliers on iron ore prices, a senior industry official was reported as saying, but insiders were split on the possible outcome of the ongoing negotiations.
Luo [...]

Rio Tinto subsidiary Hamersley Iron has settled its iron ore contract for 2009 with a number of Asian steelmakers. Hamersley has signed contracts with South Korea’s POSCO and Taiwanese steelmakers CSC Dragon. The price for the 2009 contract for Pilbara blend fines and Yandicoogina is 97 cents per dry metric tonne unit (dmtu), [...]