Baosteel Iron and Steel Co, China's largest listed steel maker, is importing iron ore at a temporarily-negotiated price and is carrying out stress tests to gauge the impact of possible new pricing mechanisms on its mid- to long-term costs, a company official said Wednesday.
The world's second largest iron ore producer Rio Tinto Ltd said on Friday it would achieve almost double the price for its iron ore after securing a price agreement with major Asian steel mills except those in China.
China has launched an anti-monopoly investigation into the proposed merger between Rio Tinto and BHP Billiton, two of world's largest mining companies.
Iron Ore Talks for 2010
