NDRC official: Beijing may play part in ore negotiations
An official with
Chinas National Development and Reform Commission (NDRC) suggested that the government might become involved in the
iron ore price negotiations.
On Thursday, November 17, Liu Tienan, head of the NDRCs Industry Department, met with
BHP Billiton
China President Clinton Dines and Nathan Backhouse from the Australian Embassy. During the meeting, both parties exchanged views on the
iron ore supply and demand situation and the price trend of imported
iron ore in 2006.
Liu Tienan emphasized that Beijing places great importance on the upcoming price negotiations, especially given the circumstances that
iron ore producers want to increase the prices when
Chinas iron and steel industry made great losses.
SteelOrbis Shanghai