A spike in imported iron ore prices threatens the profitability of steel plants in China, which buy nearly 90 per cent of their supply from overseas. Photo: Reuters A spike in imported iron ore prices threatens the profitability of steel plants in China, which buy nearly 90 per cent of their supply from overseas. Photo: Reuters
A spike in imported iron ore prices threatens the profitability of steel plants in China, which buy nearly 90 per cent of their supply from overseas. Photo: Reuters
Economy /  China Economy

China-Australia relations: Beijing steel group demands answers from BHP over soaring iron ore prices

  • The China Iron & Steel Association (CISA) says it had a ‘candid exchange of views’ with BHP on soaring iron ore prices on Thursday
  • A spike in costs threatens the profitability of Chinese steel plants, which are on track to set a record for crude steel production this year

Topic |   China-Australia relations
Frank Tang
Frank Tang in Beijing

Updated: 9:40am, 14 Dec, 2020

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A spike in imported iron ore prices threatens the profitability of steel plants in China, which buy nearly 90 per cent of their supply from overseas. Photo: Reuters A spike in imported iron ore prices threatens the profitability of steel plants in China, which buy nearly 90 per cent of their supply from overseas. Photo: Reuters
A spike in imported iron ore prices threatens the profitability of steel plants in China, which buy nearly 90 per cent of their supply from overseas. Photo: Reuters
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