Quarterly price negotiations change iron ore sceneQuarterly price negotiations change iron ore scene
by
Steve Matthews, London
—
last modified
Apr 23, 2010 02:52 PM
THE MOVE from annual to quarterly price negotiations could ring in some changes for the iron ore trade.
One effect of the new pricing mechanism, which is sounding the death knell on four decades of annual price negotiations, will be to tilt the balance in favour of the Pacific freight market compared with the Atlantic market since shorter-term...
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