|
|
|
| NEWS |
|
|
|
| Welcome to Wanjoo Metals |
HOME > CUSTOMER CENTER > NEWS |
|
|
|
|
| TITLE |
BlueScope Steel CEO Says Iron Ore Prices Could Jump 35%-60% Or More |
| WRITER |
administrator |
DATE |
2010-02-16 11:17:43 |
|
|
|
BlueScope Steel CEO Says Iron Ore Prices Could Jump 35%-60% Or More
February 15, 2010
SYDNEY -(Dow Jones)- BlueScope Steel Ltd. (BSL.AU) Chief Executive Paul O'Malley said Monday that iron ore prices could jump as much as 60% or more in this year's round of negotiations.
"Spot prices are north of US$100 a ton. No one is selling benchmark anymore. So there is quite a big spread between last year's benchmark and where spot is at," O'Malley told analysts after BlueScope announced its first half profit.
"So there is going to be a range of outcomes somewhere between 35% to 60% or even higher."
He said the negotiations will be completed toward the tail end of BlueScope's current financial year ending June 30 so the company will feel the impact more next financial year.
"The other thing then is it's hard to see how quickly will other steel mills put up their prices to pass through that cost and that's the other mitigating factor," he said
Resourced from Dow Jones |
|
|
|
|
|
|
| [ L I S T ] |
|
|
|
|
|
|
|
|
|
|
|
|
WanJoo Metals All rights reserved. |
|
TEL : +82-2-585-2581, 2571, FAX : +82-2-585-2587, 8799 |
|
FL.2 DaedeokPlaza Bldg, 206, Geumgok-Dong, Bundang-Gu, Seongnam-Si, Gyeonggi-Do 463-480, Korea |
|
|
|
|
|
|
|
|
|
|
|
|
