China Plays Hardball with Iron Ore Producers, Seeking 82% Reduction in Price
December 09, 2008 at 10:23 AM EST
China may soon ask the world”s top iron ore producers to reduce the prices they charge for the key steel component by as much as 82%. Just months ago, BHP Billiton Ltd. (ADR: BHP ), Rio Tinto PLC (ADR: RTP ) and…