Original article by Alex Gluyas
The Australian Financial Review – Page: 25 : 23-Feb-22

The Chinese government is developing a centralised state-backed platform for the nation’s steel industry to buy iron ore, according to a report from Bloomberg. Tyler Broda of RBC Capital Markets says the implications of such a move could be "wide-ranging and material". Vivek Dhar from the Commonwealth Bank adds that a centralised platform could potentially reduce iron ore prices in the medium to longer term. Chinese steel producers have long argued that large iron ore miners hold too much pricing power.

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