Diamond Investing News » China declared 33% Iron Ore Cut Impossible, deal soon

China declared 33% Iron Ore Cut Impossible, deal soon

July 23, 2009 @ 9:01 pm In Diamond Market News

A top China steel industry official restated on Thursday strong opposition to settling iron ore prices at the same 33 percent cut other Asian mills have agreed, but said a deal could still be reached by month's end.

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[1] here: http://in.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idINSEO27857020090723