Iron ore contract price for 2Q10 concluded. The world’s top two iron ore producers (Vale and BHP Billiton) concluded the 2Q10 iron ore price with Chinese and Japanese steelmakers at US$110-120/tonne, nearly double the benchmark price in 2009. The latest development also indicates that the 35-year old annual benchmark pricing system has ended and replaced by a quarterly benchmark pricing system.
Building Materials Sector Update : Japanese and Chinese Steelmakers Conclude 2Q Iron Ore Benchmark Price - ...
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