At the eighth China International Steel and Raw Material Conference, suppliers and buyers reached a unique agreement that market situation sharply changed and the future was full of uncertainties.
Recently, Shan Shanghua, the general secretary of China Iron and Steel Association (CISA) predicted global steel production capacity growth would come to a halt next year; iron ore supply-demand relation change would arrive in advance.
At present, suppliers and buyers are communicating for the new round iron ore price negotiation, CISA hopes to seek the unity of long-term contract price and spot price and eliminate the price difference between Asia and Europe.
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