Rio and BHP contracts with Chinese steel mills are expiring and these monsters are demanding big contract increases or they are willing to dump on the spot market for very high prices.
http://www.bloomberg.com/apps/news?pid=20601081&sid=aN8QMW8RfPK4&refer=australia
Will be nice for ADY to get that Shougang cash right now and ramp up output ASAP.
Rio and BHP contracts with Chinese steel mills are expiring and...
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Mkt cap ! $15.77M | |||
| Open | High | Low | Value | Volume |
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