China’s Steelmakers, Iron Ore Miners Ponder New Pricing Mechanism

IBTimes reported Chinese steel companies are discussing a new pricing mechanism with the world’s big miners.

As quoted in the market news:

Analysts predict iron ore futures may still drop to as low as $95 a ton in the short term before recovering to average at least $160 a ton next year as China’s steel makers restock supplies.

Click here to read the full IBTimes report.