Vale Seeks to Double Iron Ore Benchmark Price

Mar 19, 2010
Sectors:
Email to Friend

Brazil's Vale (NYSE:VALE) aims to life its 2010 iron ore benchmark price by 90% to 100%, Sina reported citing Luo Bingsheng Vice President of the China Iron and Steel Association (CISA) March 19. The current iron ore price negotiations are the responsibility of the enterprises involved, but the Ministry of Industry and Information Technology (MIIT) will continue to pay attention on the issue, MIIT spokesman Zhu Hongren told Sina March 18. Previously, the Ministry of Commerce (MOFCOM) said it would support domestic steel enterprises in the price talks, while the CISA said it supported the European Confederation of Iron and Steel Industries' opposition to proposed price hikes of 80-90% by the manufacturers, the report said.

Tags: china iron and steel association, cisa, commodities, european confederation of iron and steel industries, iron ore, miit, ministry of commerce, ministry of industry and information technology, vale, zhu hongren

Related Research
On the Ground: WeChat’s 2013 Monetization to Extend Beyond Games to Mobile Commerce via Tenpay May 20, 2013
To gain perspective on Tencent (0700.HK) WeChat’s monetization progress and timeline, Pacific Epoch spoke with Tencent, prominent media figures, lifestyle service providers and…
Online Games Weekly May 20, 2013
Key events and statistics for the industry’s major companies and games over the past week.
Dashboard: Shanda Games Q1 2013 - Casual, Mobile Games Drive Slight Growth May 20, 2013
Our tracking finds growth in casual titles and Korean mobile games combined with additional revenue from new releases in Q1 to offset seasonal weakness in Mir 2-series MMORPGs.
Quick Take: Alibaba Maps Out Travel-Based SoLoMo with AutoNavi Deal May 15, 2013
Pacific Epoch assesses the market impact and monetization timeline of the partnership between Alibaba Group and AutoNavi (AMAP) based on conversations with industry professionals.
On the Ground: Qihoo Search Monetization Hampered by Low Return May 13, 2013
Through interviews with agencies and advertisers, Pacific Epoch gained insight about Qihoo’s rapid progress in paid search monetization, and assessed its prospects and timeline…
More China Research

Form submitted successfully. Thank you.

Email
Subject
Vale Seeks to Double Iron Ore Benchmark Price
March 19, 2010: Brazil's Vale (NYSE:VALE) aims to life its 2010 iron ore benchmark price by 90% to 100%, Sina reported citing Luo Bingsheng Vice President of the China Iron and Steel Association (CISA) March 19. The current iron ore price negotiations are the responsibility of the enterprises involved, but the Ministry of Industry and Information Technology (MIIT) will continue to pay attention on the issue, MIIT spokesman Zhu Hongren told Sina March 18. Previously, the Ministry of Commerce (MOFCOM) said it would…

Pacific Epoch Resources

Vale Seeks to Double Iron Ore Benchmark Price

Related Research

Subscribe to Pacific Epoch