Iron ore producers insist on price rise in Ukraine

Ukrainian iron ore producers, Central Ore-dressing enterprise and North GOK, both of which are controlled by System Capital Management, are holding negotiations with domestic metallurgical enterprises on the levels of price rise for iron ore. The iron ore producers attempt to raise the domestic prices for iron ore due to the price increases for both iron ore and finished steel products in the world market. The analysts are estimating the possible price rise in 5-10 percent.