China Iron & Steel Association (CISA) held a two-day meeting from July 29 and people all paid attention to the statement of China side on iron ore price and position. With the price rising of spot ore, the inside upper management personnel and analysts estimated that CISA may announce a compromise proposal, such as the mixed pricing. In addition, the mainland media reported that presently CISA is speeding up the relevant rules for iron ore import qualification, involving the licensed steel enterprises of 70 and traders of 42.
In the meeting, which held once a half of year and attended the executive members of CISA, it is estimated that the agenda of steel enterprises profitableness in H1 and oversupply may take a back place. The outside world paid attention to Chinas statement on iron ore price and position. Reuters reported that the steel enterprises and upper management personnel of CISA, who attended the meeting on July 29, did not give positive answers on iron ore negotiation process.
The upper management from Tanggang told the reporters before attending the meeting that he was less clear about the latest process of iron ore negotiation, while the insiders of Shougang and Ansteel unanimously declared they had sent special men to participate in the negotiation but not know much about the concrete development.
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In the meeting, which held once a half of year and attended the executive members of CISA, it is estimated that the agenda of steel enterprises profitableness in H1 and oversupply may take a back place. The outside world paid attention to Chinas statement on iron ore price and position. Reuters reported that the steel enterprises and upper management personnel of CISA, who attended the meeting on July 29, did not give positive answers on iron ore negotiation process.
The upper management from Tanggang told the reporters before attending the meeting that he was less clear about the latest process of iron ore negotiation, while the insiders of Shougang and Ansteel unanimously declared they had sent special men to participate in the negotiation but not know much about the concrete development.
For more information please click: www.chinametalbiz.com
