China’s State Buyer Seeks Scrutiny of New Fortescue Iron Ore
China’s state-backed iron ore buyer has instructed some steel mills to ask questions about Fortescue Ltd.’s new low-grade product as negotiations over a long-term supply contract hit a rough patch.
By Katharine Gemmell, Alfred Cang · Bloomberg Markets
China’s state-backed iron ore buyer has instructed some steel mills to ask questions about Fortescue Ltd.’s new low-grade product as negotiations over a long-term supply contract hit a rough patch.