Nippon Steel and Posco said they would jointly study the market conditions and co-operate closely in negotiating the annual iron ore talks, which are expected to start this month.

• 新日铁和浦项制铁表示，它们将共同研究市场环境，并在年度铁矿石价格谈判中密切合作。2007年铁矿石价格谈判预计将于本月启动。