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China Steel Association, said, or to accept less than 40% of the decline
 
Today, A source close to China Steel’s foreign media industry sources revealed that the China Steel Association to consider the position of a gradual relaxation in the iron ore price negotiations this year, can accept only 33% higher than the rate of decline, and no longer insist on the previous 40% drop request

NetEase Finance hearing on July 1 in the June 30 deadline had been after the iron ore negotiations, China Steel Union on how to end the three major ore into sharp focus today, one close to China Steel’s foreign media industry sources revealed that the China Steel Association to consider the position of a gradual relaxation in the iron ore price negotiations this year, can accept only 33% higher than the rate of decline, rather than adhering to the 40 percent decline the previous request, made the gesture limited concessions to both sides of a “higher level” under.

For this long-standing “marathon negotiations”, China Steel Association’s position of adhering to feel helpless at the same time, the officials said that China Steel Association to end the negotiations as soon as possible, may also be accepted the way to semi-annual pricing to determine the price of iron ore long-HS.

Nevertheless, the three major ore prices will not readily accept, after all, they also hope to be able to follow China as the price of other customers, so that they not only profitable, but also will not be pressure from other customers who have signed. However, strong market share in China before, the three major ore prices and the line may be risky.

As for how the final outcome of the negotiations is to complete the termination of negotiations or to allow both sides to step in the negotiating parties will have to wait for the statement.