Ministry of Commerce of the FMG and Australian iron ore to reach the outcome of the negotiations welcomed
 
Core Tip: YAO Jian, spokesman of the Ministry of Commerce on the 17th that China’s iron and steel enterprises with Australia reached FMG fully reflect the outcome of the negotiations between the two sides will, is the new model of iron ore negotiations, the new exploration, the Ministry of Commerce welcomed.

By August 17 the Ministry of Commerce spokesman YAO Jian Xinhua on the 17th that China’s iron and steel enterprises with Australia reached FMG fully reflect the outcome of the negotiations between the two sides will, is the new model of iron ore negotiations, the new exploration, the Ministry of Commerce of This welcome.

Ministry of Commerce held a press conference this morning informed of January to July this year, the work of business, YAO Jian, spokesman made the above statement.

Morning of the China Steel Association held a press conference, announced the China Iron and Steel Industry Association the results of the negotiations for iron ore. China Steel Industry Association and Australia’s third-largest enterprise FMG ore companies have signed a six-month long-term agreement price, lower price ADPL mine powder 35.02%, 50.42% lower ore block. Contract from July 1 this year onwards.

According to industry, this is China’s iron and steel enterprises in the global iron ore negotiations, the first time the “China price” than the world’s top three mining companies have been reached with Japan and South Korea in 2009 the new fiscal year, fell slightly short of the contract price of iron ore.

China Steel Association estimated that in 2009 China needs to import about 500 million tons of iron ore. About half of global iron ore trade around. China Steel Association, vice president and party secretary Liu Zhenjiang imports of iron ore on the outcome of the negotiations stressed that the outcome of the negotiations is a proposal acceptable to both supply and demand results. After the two sides is full consultation, communication, especially in the long-term mutually beneficial cooperation and the idea reached a basic consensus is beneficial to both sides.

Liu Zhenjiang that the outcome of the talks the Chinese side is concerned, is in the establishment of China’s imports of iron ore price negotiations on the mode of negotiations was an important step.