Australia's biggest iron ore miner Rio Tinto appears to have bowed to Chinese pressure, after saying it is being forced to move to shorter-term pricing. Chinese steel makers that are locked into quarterly contracts have been demanding lower prices, ... Rio bows to pressure as prices fall
Sunday, October 23, 2011
Rio bows to pressure as prices fall
Australia's biggest iron ore miner Rio Tinto appears to have bowed to Chinese pressure, after saying it is being forced to move to shorter-term pricing. Chinese steel makers that are locked into quarterly contracts have been demanding lower prices, ... Rio bows to pressure as prices fall
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