China mulls improving iron-ore index in pricing push

June 22, 2017

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China is planning improvements to an iron-ore price index it launched six years ago, looking to better reflect market dynamics in the world’s top consumer of the steelmaking raw material and increase usage by market participants.

China has been pushing for a greater say in pricing iron ore in the global market where buyers and sellers mostly use dollar-denominated index prices from providers such as S&P Global Platts and Metal Bulletin.

Category: General