annual benchmark system

BHP Billiton to Go for Short-Term Pricing of Iron


Australia based miner BHP Billiton (BHP) has made an announcement today claiming that the company is going for short-term pricing of iron ore deals with quite a few Asian buyers which were priced at a yearly basis in the past. The recent development is being considered as a great victory for the miner as it was campaigning to come out of the yearly traditional benchmark system of pricing iron ore.

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