CISA sees iron ore price up 10% in 2010
Published: 06 Nov 2009 01:11:15 PSTNovember 6 MetalBiz--While analysts forecast a boosted steel demand in 2010, the China Iron&Steel Association (CISA) also sees a 10% rise in 2010-2011 fiscal year's iron ore contract prices, as steel production will need more iron ore.
According to analysis from officials of CISA, China will surely seek a separate pricing mechanism on the 2010's iron ore contract price.
If the new mechanism comes true, China will definitely take cost advantage to competitors from other area.
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