BHP Billiton
BHP Billiton (ASX:BHP) is a global leader in the resources industry.
Formed from a merger between BHP and Billiton, the company is a leader in the extraction and sales of most natural resources, and is particularily strong in Iron Ore, Coking and Thermal Coal, Copper, Zinc, Oil & Gas, Diamonds and most materials key to the production of steel.
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BHP Billiton introduces new pricing mechanism for iron-ore
BHP Billiton is to sell a third of its 2009 iron-ore volume under a new pricing mechanism rather than the traditional annual term prices. The system will be a mix of quarterly negotiated pricing, spot market and index-based pricing.
China's steel industry is still in a deadlock over iron-ore negotiations as it demands biggers discounts cuts after Japanese and South Korean mills accepted a 33-percent cut for benchmark ore with Rio Tinto.
While some Chinese steel mills also accepted a temporary 33-percent price cut, the China Iron and Steel Association is playing for even better prices.
Other BHP Billiton news
- BHP Billiton says restocking in China "largely complete"
2009-08-12 - Analysts expect upbeat BHP quarterly results on increased Chinese demand
2009-07-21 - BHP's high production in weak demand puts pressure on higher-cost producers
2009-05-09 - BHP expect market conditions to remain uncertain
2009-04-23 - Weakening demand weighs on BHP Billiton
2009-03-13
