皇冠体育app

SHANGHAI: The negotiation between 皇冠体育app and the three iron ore giants, namely BHP Billiton, Rio Tinto and Vale, is set to bring down the iron ore price from its 2008 peak, but 皇冠体育app's goal of an 82 percent price cut would be a mission impossible, analysts said.

皇冠体育app is asking for a price cut of up to 82 percent, as "the steel prices have fallen to the 1994 level", Shan Shanghua, secretary-general of 皇冠体育app Iron and Steel Association, was quoted as saying by Securities Daily yesterday.

Zou Jian, chairman of the 皇冠体育app Metallurgical Mining Enterprise Association, agreed on a price cut. "But it will be very difficult to realize such an aggressive request," he said.