Posted on 02 Jul 2009
Chinese steel makers appear to want iron ore price talks with Australian miners to continue, despite Tuesday's negotiating deadline passing without a result.
Arrangements for iron ore deliveries are in uncharted watersafter annual talks to deliver a benchmark price failed for the first time to deliver a result with some major steel mills before deadline, on July 1.
Industry body the China Iron and Steel Association said talks were continuing, but Rio Tinto (ASX:RIO), taking the lead in negotiations for iron ore miners, has refused to say whether negotiations were continuing now that the deadline had passed.
Big steel makers in
