Chinese Mills Turn On the Heat

- May 28th, 2009

Iron Investing News reports the heat is on with iron ore purchases. “We’ve never heard of any steel mill in China who has said they wouldn’t prefer a benchmark, as the spot price is dangerously volatile,” he said on the sidelines of a conference. “Those that choose not to follow it, then they have to … Continued

Iron Investing News reports the heat is on with iron ore purchases.

“We’ve never heard of any steel mill in China who has said they wouldn’t prefer a benchmark, as the spot price is dangerously volatile,” he said on the sidelines of a conference. “Those that choose not to follow it, then they have to choose the alternative, that’s the spot price,” he told reporters.

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