| From WSJ: The world's largest miners are pushing for increases of 10% to 25% over this year's contract prices for iron ore and coal, people familiar with the nascent negotiations said, which would raise costs for the steel used in cars, construction, appliances and other goods.
China, which consumes about 65% of the world's seaborne iron ore, is trying to use its size to push for lower or flat prices on iron ore and coal—two chief ingredients in steel..................................Full Article: Source
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