Stepbrow Posted April 18, 2010 Author Report Share Posted April 18, 2010 You know, the irony of this whole affair is that China is now paying about three times as much per ton of iron ore as before. When the B) hit the fan China was able to negotiate long term contracts for the iron ore, but now the big three iron or producers got together and made all of the buyers pay the spot prices for ore purchases. Link to comment
amberjack1234 Posted April 18, 2010 Report Share Posted April 18, 2010 (edited) You know, the irony of this whole affair is that China is now paying about three times as much per ton of iron ore as before. When the hit the fan China was able to negotiate long term contracts for the iron ore, but now the big three iron or producers got together and made all of the buyers pay the spot prices for ore purchases.So China, crying like they do about these situations when they have to compete, cried foul by charging these guys as spy's or something in retaliation. That is just wonderful. Larry Edited April 18, 2010 by amberjack1234 (see edit history) Link to comment
Stepbrow Posted April 18, 2010 Author Report Share Posted April 18, 2010 You know, the irony of this whole affair is that China is now paying about three times as much per ton of iron ore as before. When the hit the fan China was able to negotiate long term contracts for the iron ore, but now the big three iron or producers got together and made all of the buyers pay the spot prices for ore purchases.So China, crying like they do about these situations when they have to compete, cried foul by charging these guys as spy's or something in retaliation. That is just wonderful. Larry Actually Larry, Rio Tinto raised the prices after China put on the big show trial. Link to comment
amberjack1234 Posted April 18, 2010 Report Share Posted April 18, 2010 You know, the irony of this whole affair is that China is now paying about three times as much per ton of iron ore as before. When the hit the fan China was able to negotiate long term contracts for the iron ore, but now the big three iron or producers got together and made all of the buyers pay the spot prices for ore purchases.So China, crying like they do about these situations when they have to compete, cried foul by charging these guys as spy's or something in retaliation. That is just wonderful. Larry Actually Larry, Rio Tinto raised the prices after China put on the big show trial.I understand now thank you. I am glad that somebody was paying attention. Larry Link to comment
Kwyjibo Posted April 19, 2010 Report Share Posted April 19, 2010 The China Iron and Steel Association is asking Chinese steel companies and traders to stop buying iron ore for two months from Rio Tinto, BHP Billiton and Vale. Link to comment
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now