Power will shift to miners if BHP Billiton/Rio merger goes through

摘要

China's steel mills, the largest consumers of Australian iron ore, will have a harder time negotiating prices if BHP Billiton succeeds in taking over Rio Tinto, according to market sources. The news that BHP Billiton had approached Rio Tinto about a takeover (MB Nov 8) and plans to continue to press its case surprised all the Chinese market sources MB talked to.