China puts pressure on Australian iron ore suppliers

Wednesday, 19 March 2008 13:41:03 (GMT+3)   |  
       

It has been reported that during recent weeks China blocked some spot iron ore shipments from Australia's two largest iron ore producers, Rio Tinto and BHP Billiton.

The move is considered by many as an attempt by the Chinese government to influence the annual price negotiations following the Australian miners' demand for a higher iron ore price rise.

As per industry reports, although many iron ore cargos intended for the spot market have been unloaded at Chinese ports, import approval from the Chinese authorities has not been forthcoming.

Meanwhile, China's government has confirmed delays in paperwork, but has denied the existence of an official boycott of Australian iron ore imports.  


Similar articles

India’s NMDC Limited reports 1% fall in iron ore output in April

03 May | Steel News

ArcelorMittal sees lower net profit and sales revenues in Q1

02 May | Steel News

Daily iron ore prices CFR China - April 30, 2024

30 Apr | Scrap & Raw Materials

Raw Material Suppliers at IREPAS: General market mood hopeful for improvement

30 Apr | Steel News

Daily iron ore prices CFR China - April 29, 2024

29 Apr | Scrap & Raw Materials

India’s SMIOL to ramp up manganese and iron ore mining capacities

29 Apr | Steel News

India’s NMDC hikes prices of iron ore lumps and fines with immediate effect

29 Apr | Scrap & Raw Materials

Brazilian high-grade iron price increases

26 Apr | Scrap & Raw Materials

Daily iron ore prices CFR China - April 26, 2024

26 Apr | Scrap & Raw Materials

Major steel and raw material futures prices in China - Apr 26, 2024

26 Apr | Longs and Billet