皇冠体育app

皇冠体育app Minmetals, the country's largest State-owned metals trader, has urged industry leaders to diversify iron ore supply and improve negotiation tactics to reverse 皇冠体育app's unfavorable position in global iron ore deals.

"Chinese steel mills seeking lower prices (of iron ore) should think more about reducing dependence on the three global miners," Zhang Ye, vice-general manager of 皇冠体育app National Minerals Co Ltd (MINCO), a wholly owned subsidiary of 皇冠体育app Minmetals, told 皇冠体育app Daily yesterday.

His remarks come at a time when 皇冠体育app's steel industry is facing a de facto breakdown in iron ore negotiations for the year, while the outlook for next year's talks seems gloomy at best.