Private deals signal cracks on the iron ore pricing front
By Zhang Qi and Zhou Yan | China Daily | Updated: 2010-04-27 08:04
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A worker at a steel mill in Huaibei, Anhui province. Soaring iron ore prices have haunted domestic mills and raised concerns that profit margins may shrink over the long term as steel prices decline. Wu He / China Daily |
Some steel mills sign contracts with big miners for raw material supplies
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