Iron ore negotiations resume, and the initiative for 2011 negotiations still does not lie with China

For domestic steel mills, the focus might not be on which model to adopt, but on the price level negotiated. However, the above-mentioned steel enterprise insider also indicated that the long-term agreement with low price is the best solution, but market relationship determines negotiation results. "Demand is rigid and the supply side is monopolistic. In the short term, the negotiation is still bearish."