岛国毛片在线观看,大香蕉欧美怡红院,亚洲国产成人视频在线

China's steel association opposes ore price increases

(Xinhua)
Updated: 2008-09-17 23:06

BEIJING -- China Iron and Steel Association (CISA) wrote a letter to Brazil-based Companhia Vale do Rio Doce (CVRD) on Tuesday, asking the world's leading iron ore producer to give up its attempt to raise prices.

The letter said, "one-sided price raising not only violated international iron ore price negotiation rules, but also led to huge losses in Chinese steel enterprises. This damaged the win-win relationship in bilateral iron ore trading."

In February, the CVRD, Asia's largest steel producers and several European steel companies agreed on an ore price hike of 65 percent, which pushed up the ore price to 1.898 US dollars per dry metric ton iron ore unit.

However, the CVRD informed steel enterprises last week it would raise the price of iron ore by an additional 20 percent as of September 1.

"The previous price hike was motivated by Australian ore suppliers BHP Billiton in July. The CVRD aimed to follow BHP's move and drive up ore prices step by step," said Zhou Xiaoming, an analyst for the Lange Group.

Baosteel, China's largest steel supplier, had agreed with Australian ore producer BHP Billiton on a price increase of up to 96.5 percent for iron ore in 2008, nearly double that of 2007.

Iron ore prices already increased significantly this year bringing up business costs at the country's steel mills.

According to CISA statistics, costs for the country's large and medium-size iron and steel manufacturers rose by more than 250 billion yuan (36.5 US billion dollars), or 57.57 percent, in the first half due.

"The VCRD should give up its decision to raise iron ore prices and come back to a normal price negotiation with China," said the CISA.

综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费