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Financial News

Wednesday July 1, 05:52 AM

 

 

Australian producers and Chinese buyers have missed a deadline to set benchmark iron ore prices

By Peter Parks

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A man pushes his bicycle past an advertising hoarding for China's largest steel producer in Beijing. Australian producers and Chinese buyers have missed a deadline to set benchmark iron ore prices, signalling the end of a 42-year-old system and risking new friction between the key trading partners. A man pushes his bicycle past an advertising hoarding for China's largest steel producer in Beijing. Australian producers and Chinese buyers have missed a deadline to set benchmark iron ore prices, signalling the end of a 42-year-old system and risking new friction between the key trading partners.


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