DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Negotiations

**Cnbaapuy** · 07-13-2009, 03:01 PM

Guess where next years price negotiations won't happen...

Besides BHP and Rio are teaming up in Australia. It will suck to be a Chinese steelmaker in the next few years I can tell you.

China is pissed because it made some stupid iron purchases last year (and this one too) and now wants a discount. With commodity prices rising, they began asking for a price far too low. You can hardly blame Rio Tata for that. The irony is, when foreigners try to negotiate in China, they always have to pay more. Yet when China negotiates with foreigners it outright demands a lower price or it takes its ball and beans the other guy with it. Poor play on their part.

07-13-2009, 03:01 PM	#6
Cnbaapuy Join Date Oct 2005 Posts 488 Senior Member	Guess where next years price negotiations won't happen... Besides BHP and Rio are teaming up in Australia. It will suck to be a Chinese steelmaker in the next few years I can tell you. China is pissed because it made some stupid iron purchases last year (and this one too) and now wants a discount. With commodity prices rising, they began asking for a price far too low. You can hardly blame Rio Tata for that. The irony is, when foreigners try to negotiate in China, they always have to pay more. Yet when China negotiates with foreigners it outright demands a lower price or it takes its ball and beans the other guy with it. Poor play on their part.
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