What a spectacle in the energy and resource markets. The deep-freeze in the iron ore negotiations between Aussie producers and Chinese steel makers appears to be thawing. Yesterday’s Financial Review reports that the number we’ve all been waiting for here is: eighty five. That’s the percentage increase in the annual iron ore contract price Aussie producers charge major Chinese steel makers.
May 7th, 2008 | Dan Denning | 3 comments | Continued