25 de septiembre de 2014 / 3:17 / en 3 años

China's Baosteel says current low iron ore prices a "new status quo"

DALIAN, China, Sept 25 (Reuters) - The current low prices of iron ore are the “new status quo” and are “rational” for the health of the industry, Dai Zhihao, president of Baoshan Iron & Steel Co Ltd, China’s No. 2 steelmaker, told an industry conference on Thursday.

Iron ore prices have fallen nearly 41 percent this year amid a deep supply glut stoked by low-cost producers. The commodity dropped below $80 a tonne this week for the first time since September 2009. (Reporting by David Stanway; Writing by Manolo Serapio Jr.; Editing by Himani Sarkar)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below