Ｓｔｅｅｌ Ｍｉｌｌｓ：Ｃｏｐｉｎｇ Ｗｉｔｈ Ｓｕｒｇｉｎｇ Ｃｏｓｔｓ

Ｂｙ　ＬＩＵ　ＹＵＮＹＵＮ

Month-long negotiations recentlyended with an agreement to raisethe price of iron ore at least 65 per-cent. The phenomenal price rise has madea tough situation for the Chinese iron andsteel industry worse. Challenged by risingcosts and sluggish international sales, theindustry had been under pressure already.