Iron ore crusher
The big three iron ore miners - Vale, Rio Tinto and BHP Billiton - are seeking a 50 percent hike in term prices, China Daily reported on Thursday, citing unnamed industry sources.
"Baosteel, which is leading this year's ore talks, would wait and see how Japanese and South Korean steel mills react to the proposal before taking a decision in this regard as they do not want to be blamed subsequently for the steep rates," the head of the iron ore department of a large Chinese still mill told the paper.
Iron mine is very important for the development of a country. So how to exploit and crush iron ore is also important.
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Iron ore beneficiation plant
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