Iron ore price talks delayed on dim outlook

Iron ore price talks delayed on dim outlook 发布时间:08-12-01    阅读次数:   

Iron ore price talks for 2009 between the Chinese side and the three leading miners have yet kicked off. Mills started to cut output from September of this year. The spot price of imported iron ore has been 30 percent lower than annual contract in the past two months. It is too early to tell where the iron ore market will head for as the central government has not unveiled macro regulatory policies for next year. The annual contract price would fall 30 percent if settled down at the end of this year and the decrease rate will be smaller if the talks extend into next year, foreign media forecast.