Iron pricing overhaul expected to bolster swaps activity

Swap volumes set to rise as new agreements between steel miners and mills set to overturn current pricing system

Mining

A radical overhaul of global iron ore pricing is expected to dramatically push up swap volumes, particularly in Asia where most of the buyers – steel mills – are based. During the past few weeks, agreements between Brazilian mining company Vale and Anglo-Australian miner BHP Billiton and Japanese and Chinese steel mills is being touted as signalling the end of the long-standing benchmark system of annual contracts and lengthy price negotiations.

The new pricing comes in response to a standoff

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here