Bloomberg News

Baosteel Says Talks for Contract Iron Ore Prices Continue

June 30, 2009

Baosteel Group Corp., China’s biggest steelmaker, said talks to settle the 2009 contract iron ore prices are still continuing.

“The talks are still continuing,” Ding Shouhu, chief iron ore negotiator for the Shanghai-based company, said in a phone interview today. “We have yet to arrange a meeting with the miners.”

He declined to comment on the expiry dates for Baosteel’s iron ore contracts.

--Helen Yuan. Editor: Tan Hwee Ann

To contact the Bloomberg News staff on this story: Helen Yuan in Shanghai at hyuan@bloomberg.net

To contact the editor responsible for this story: Teo Chian Wei at cwteo@bloomberg.net


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