S.Korea POSCO says ore talks with BHP ongoing

Newswire

SEOUL, July 29 (Reuters) - POSCO is still negotiating iron ore pricing with BHP Billiton , the world's third-largest iron ore miner, a spokeswoman for the South Korean steelmaker said on Wednesday. "Nothing has been determined, as we are still negotiating," POSCO spokeswoman Youn-joung Choi said. BHP Billiton said earlier in the day that it had agreed with unnamed customers to take a 33-44 percent price cut for contracted iron ore shipments, covering 23 percent of its total sales ...

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