cisa

It rejected the CISA's claims and added it had "rights under a number of contracts that include options to reduce volumes" .

Cisa did not offer any compromise on prices, only saying talks with miners were still ongoing, well past the June deadline.

It is only common sense, says Mr Shan, that this situation cannot persist.

Mining executives invol-ved in the talks view Cisa's argument as an attempt to force them to share the cost of Beijing's social policies.

At home, CISA is working to clamp down on import licenses allotted to Chinese steel makers to make sure they toe CISA's line.

Meanwhile, Cisa officials continue to maintain that spot markets are in the grip of speculators and thus do not reflect real demand.

'This is not the final price, ' he said. 'We will follow CISA's decision on a final price agreement.

They said it was too early to say whether Cisa's statement was posturing ahead of talks or marked a break in the benchmark system.

After obtaining the CISSP and a solid technical cert , take the CISA. It is a well respected IT audit certification.

Earlier this year the big three refused to meet CISA's demands and there is now no Chinese benchmark price.

Individual mills might try to circumvent Cisa by paying Australian miners provisional prices to match the Japanese reduction.

CISA made it clear early that it wanted a cut of around 40% to reflect the toll taken on steelmaking by the economic turmoil.

Cisa has said it plans to continue negotiating with the miners beyond today, making the current annual negotiations the longest on record.

Cisa criticised Nippon Steel, which negotiated on behalf of Japanese mills, for settling a price ahead of Chinese mills.

CISA claimed partial victory in its drawn-out battle with foreign iron ore suppliers.

Nonetheless, CISA's resistance is another crack in the price-setting system for long-term iron-ore contracts.

Luo Bingsheng, Cisa vice-chairman, said this week that the oversupply left no room for price rises.

CISA says China as the world's biggest ore importer shouldn't have to follow the pricing pacts of others.

But Cisa, officially representing buyers of about half the world's iron ore, is fast becoming an irrelevance.

The China Iron & Steel Association has been pushing for a discount closer to 45 per cent.

Cisa's bargaining position is, however, weakening as spot prices rise.

Cisa and the miners failed to reach agreement for the 2009-10 annual contracts after missing a June 30 deadline.

"Cisa sold out the Chinese steel industry, " says one industry insider.

Cisa is asking for a 40-45 per cent price cut while a 33 per cent reduction has been offered by the miners.

"For CISA to suggest joint action by the Chinese steel industry to prevent this is a very concerning development. "

Cisa lost face in the talks.

CISA; International Commission for Bee Botany;