First Financial Daily, August 5 under ★✔≥ the iron ore negotiat★↕ions have been at an impasse, a ×≈✔number of small and medium↑©-sized international ™λiron ore producers got yourself ®←‌©to find a way out, aftσ&<er all, they can not be shoulder to s©×ε₩houlder with the three major m↕ε>ining companies.
Foreign disclosure yesterda£&y, a medium-sized Australian iron ore←™±δ producer Atlas Mining§δ☆ CEO David Flanagan, in the gap presδ​ent at the meeting, for of uncertai₽↑♥nty consideration of futu✔α≤αre iron ore prices, the comp←§any has with the Chinese steel indu☆©stry customer price " ✔←;fair" agreement ∞‌&≠signed.
David Flanagan, said the so-≈ •♠called "fair" agreementδ©>, the two sides negotiated the price β$®is based on an indicator, if the chang&↑★☆es in the spot price exceeds ∑∞π≤the target price of uppe≠✔ πr and lower limits, Atlas ≤¥♥will receive half of the increase wi∞¥ ll bear half of the decline.
But David Flanagan did not✔π say whether the company had reac‌&φhed an agreement on price with Chine±ε↕se customers. Representation poi¶•nt of view from Davi•↔λd Flanagan, Atlas just with ←←<•the Chinese iron and∑‌  steel enterprises in th☆αe pricing reached a new agreeme•Ωnt.
This agreement rainy©γ↔¥ day, solve could happen again li₹‌∏ke last year's financial c÷×>risis has led to the ‍σvolatility of the spot price, makin★™≤g no implementation of a long ×→ association. At the same time, this p$‍λricing is also in line with the Ω♠↔≈negotiations on behalf of the C‍β♠∏hinese iron and steel enterprises in↔≠© China Iron and Steel Association (&q∏∑uot;CISA") requirements.
CISA vice chairman Luo had told CBN rep &orter, the long association b䣧♦enchmark pricing mechanism φ£ 'should not change, but should be × considered the year may occur c∏✔≥an not be predicted long associati™φ≥‍on should have the space to make βαmodest adjustments according to ↔&∏ the actual situation.
However, the "fair" a ™↑$greement with iron ore gi‌βant Rio Tinto different sta ∞rting price agreement previously÷ε  reached with Nippon Steel Corpo→β↕ration. Agreement, the starti↓∑ng price is still the annua$→ γl pricing, and did not allow the yea↓₩©r may be adjusted.