China complained to the producers of the ore

China still has no say in determining the global iron ore prices, despite the fact that it is the largest consumer. This was announced on the sidelines of the NPC in Beijing, the president of the steel company Wuhan Iron and Steel Kuilin Deng (Deng Qilin), reports Reuters. At the same time he stressed that the world's major suppliers of iron ore - Rio Tinto, BHP Billiton and Vale - are now able to set prices arbitrarily. "Cost of production of tons of iron ore is $ 20, shipping cost is $ 56 and sell it for 180-190 dollars a monopoly in the truest sense of the word," - said the president of Wuhan Iron and Steel. He also complained that the miners are now trying to influence the market. "They are also preparing to establish a base in the Chinese ports to sell you on the spot market. The attack on the Chinese steel industry is too large, the costs are too high, and we can not move them," - said Dmitry Kuilin. As reported in mid-February, Wuhan Iron and Steel agreed to supply iron ore mining concern BHP Billiton. This year, the steelmaker will buy BHP 3,5 million tons of this type of stuff. At the same time, Wuhan Iron and Steel announced its intention to undertake the development of iron ore deposits in Canada. Chinese steel giant agreed to cooperate in these projects with a Canadian corporation Century Iron Mines. Ministry of Industry