European steelmakers slam iron ore price hike

THE European steel industry has hit out at reports that iron ore producers are seeking a massive 90% increase in prices.

European steelmakers slam iron ore price hike European steelmakers slam iron ore price hike European steelmakers slam iron ore price hike European steelmakers slam iron ore price hike European steelmakers slam iron ore price hike

It follows news yesterday that the world’s number one iron ore producer, Brazil’s Vale, is seeking a 90% jump in prices and is trying to move away from annual to quarterly contracts.

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