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Chinese steelmakers pushing for bigger price cuts

WHILE Rio Tinto settled its iron ore pricing contracts with Japan's Nippon Steel Corporation yest...

Kristie Batten
Chinese steelmakers pushing for bigger price cuts

Under the new agreement announced yesterday, the Japanese will pay US97c ($A1.25) per dry metric tonne unit for fines, a reduction of 32.9%, while lump will be priced at $US1.12/dmtu, 44.4% lower than...

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