China iron ore price cut seen.Byline: Beijing Beijing (bā-jĭng) or Peking (pē-kĭng, pā–), city (1994 est. urban pop. 6,093,300; 1994 est. total pop. 7,240,700), capital of the People's Republic of China. It is in central Hebei prov. China's steel makers and global miners have agreed to cut term iron ore prices sharply, but are still locked in talks on the scope of the price cuts, an industry body has said. Luo Luo People of the flat country near Lake Victoria in western Kenya and northern Uganda. They speak a language of the Nilo-Saharan family. Numbering 3.2 million, the Luo are the third-largest ethnic group in Kenya. Bingsheng, deputy head of the China Iron and Steel Association (CISA (Certified Information Systems Auditor) The award for successful completion of an examination in information systems audit, control and security from the Information Security Audit and Control Association. See ISACA. ), told reporters that parties had agreed to cut iron prices for supplies under the new annual deal. 'The two parties have agreed that (iron ore) prices should fall sharply. The focus now is the size of the price cut and that should be further discussed,' Luo said. He added that Chinese ports had in stock 70 million tonnes of imported iron ore currently, compared with normal warehouse inventories of 30 million tonnes. Luo also said that CISA had suggested taking measures to control production in Chinese small- and medium-sized steel mills, as China's crude steel output had exceeded demand in the first quarter due to rapid production increases in spite of in opposition to all efforts of; in defiance or contempt of; notwithstanding. See also: Spite production cuts at major steel mills. -- Reuters Reuters British cooperative news agency. Founded in 1851 by Paul Julius Reuter, it was initially concerned with commercial news but began to serve a growing newspaper clientele after the London Morning Advertiser subscribed in 1858. Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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