Monday, July 04,
Looking at lower steel demand in China and reduction in steel prices for July, Rio Tinto, the world’s No. 2 iron ore miner is expected to cut its existing iron prices for Chinese steel mills by 2% to 3% for the third quarter.
The new pricing will put Rio’s 62% Pilbara Blend fines at $168.85/MT for the third quarter compared to $171.35/MT during the second quarter.
Reported by: Monica Patnaik (monica.patnaik@steelmint.com)
Leave a Reply