Subscribe to RSS feedBHP iron ore boost
REPORTS have emerged that BHP Billiton, one of the largest dry bulk charterers, is selling iron ore on the spot market at prices 40% above the contract price to small steel mills now annual contracts have expired.
Iron ore prices have reached a 20-month high, according to Norwegian investment bank Arctic Securities, reaching US$140 per tonne from India compared to US$60-$70 per tonne for contracts. Increased sales saw estimates in China that monthly March imports would reach...
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