CISA refuses to accept iron ore price 33% Rio Tinto is not going to accept

-This reporter Dong Wenxie May 31, CISA to Australia Rio Tinto and Nippon Steel Company reached the iron ore price agreement bright attitude: Chinese steel companies can not accept this price, not follow up.　　A person in charge of CISA said in an interview that the conclusion was the first consensus reached between CISA and Chinese steel mills, and that China had a new negotiating plan for the next round of iron ore price negotiations. May 26, the Australian Rio Tinto and Nippon Steel Company, the first to reach the 2009 iron ore price agreement: The Powder Mine in 2008, the basis of the decline of 32.95%, the block in 2008 based on the decline of 44.47%.　　May 28, POSCO, South Korea, also said it had reached an iron ore reduction agreement with Rio Tinto, a decline consistent with Japanese prices. Cisa refused to "Shichong" for Japan and Rio Tinto's first pricing, public concern, the Asian steel Camp "split" after the Chinese steel mills are likely to accept the "Shichong."　　However, after four days of silence, CISA did not habitually welcome it, but made a clear refusal.　　CISA said: First, this price range does not objectively reflect the market situation of iron ore supply and demand in the international market this year; second, the price reduction will cause the overall loss of Chinese steel production enterprises; third, the prices in general does not reflect the relationship between steel production enterprises and ore production enterprises benefit sharing, mutual benefit and mutual win. 31st, the latest figures from the National Bureau of Statistics show that China's steel industry in April fell 97.5% year-on-year. CISA's survey of 72 large and medium-sized steel mills showed that the industry's losses continued to expand to 1.871 billion yuan.　　January-April accumulated industry losses reached 5.2 billion yuan. Rio Tinto expects that China will not accept May 29, the Rio Tinto Group's iron ore business director Sam Walsh said in a media interview that this year's iron ore negotiations have lasted about 7 months, Rio Tinto does not expect the next negotiations with Chinese steel mills will soon result.　　But the price agreement with Japan and South Korea steel mills will guide other customers to reach an agreement with the company in the future.　　31st, a trader engaged in iron ore for many years to the Chinese securities News reporter said that Rio Tinto may have been expected to 33% of the decline will not accept the Chinese side, but first from Japan and South Korea steel mills to find a breakthrough, help to disrupt the Asian camp, to combat the morale of the Chinese negotiations. The person believes that Japan's price itself is likely to be the result of some kind of compromise.　　Australia has given Japan a very low coking coal price, and Japan seems to be reasonably giving Australian iron ore an "appropriate" cut in prices. For future negotiations between China and the three major mines will not be broken, Minmetals chemical import and Export Chamber of Commerce One person responsible said the worry is somewhat superfluous. After all, China is the world's biggest buyer of iron ore, and the three big mines control 70% of the world's seaborne trade in iron ore, and no one can leave. But the problem is that the two sides are divided on the trend of the global economy, need to constantly running-in, and finally find a suitable iron oreStone prices.