March 24, 2010 – 11:47 am
According to media reports, major iron ore exporters, including BHP Billiton and Rio Tinto, have reached a preliminary agreement to move away from annual contract pricing to quarterly arrangements.
The short term iron ire pricing contracts would be linked to the iron ore spot price, which would see iron ore prices more than double from the [...]
By MyOrbit Advisor
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Posted in Commodities, Steel, iron ore
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Tagged Arcelor Mittal, BHP Billiton, hard coking coal, iron ore annual contract, iron ore contract system, iron ore exporters, iron ore india, iron ore prices, iron ore spot prices, iron ore suppliers australia, iron ore suppliers india, Nippon Steel, NMDC, Posco, Resurgere Mines, Rio Tinto
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The much debated Us Healthcare bill has been passed and signed by President Obama – marking the the biggest shift in U.S. domestic policy since the 1960s.
This bill will extend coverage to 32 million uninsured Americans and ban such insurance company practices as denying coverage to people with medical problems.
The first changes under the overhaul [...]
