CISA's three giants pull high prices to seek short-term profits

This news (reporter Lishiang) China Iron and Steel Industry Association held a press conference yesterday.　　CISA's executive vice President Bingsheng criticized the practice of the three big mining giants. He pointed out that the current differences between countries and the three major (Vale, BHP Billiton, Rio Tinto) still exist, the three giants as suppliers, forced to change the years of implementation of the Chang rules, unilaterally introduced by the iron ore index pricing standards.　　In addition, the current iron ore prices have a large number of artificially high factors, the three giants thus sought short-term profits.　　Finally, Mr. Luo said the three Giants ' practices undermined the uncertain situation between steel companies and the industry, exacerbating the volatility of the maritime trade market. Mr. Luo also revealed that one of the big three in June had a sharp drop in their share of the Chinese market, which also attracted their attention. For the Big Three, the Chinese market remains their most important market.