O/T: I own SLX (steel ETF). Vale and Rio Tinto are going to spot contracts instead of annual contracts. Japan just agreed, in principle, yesterday. China next.
Are you speaking of 2009 or 2008 price irt to increase? 2009 is not a good comparator.
Australian iron ore supply deals are still up in the air, Reuters reports
Australia's top miners are still in talks on iron ore sales, the heads of the iron ore businesses for BHP Billiton (BHP) and Rio Tinto (RTP), as they reiterated their call for market-based pricing, the Wall Street Journal reports. "the wide disparity between the current benchmark system and spot market is not sustainable and it needs to evolve. Whether it evolves into a quarterly or half-yearly pricing system, time will tell," Sam Walsh of Rio Tinto said. Reference Link :theflyonthewall.com
News 
Market Data 
Discover 
AI
