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China’s Steelmakers, Iron Ore Miners Ponder New Pricing Mechanism
Nov. 01, 2011 01:59PM PST
Base Metals Investing IBTimes reported Chinese steel companies are discussing a new pricing mechanism with the world’s big miners.
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.
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