China’s state iron ore buyer has told major steelmakers and traders to temporarily pause purchases of any dollar-denominated seaborne iron ore cargoes from BHP, Bloomberg’s Alfred Cang and Katharine Gemmell report, citing people familiar with the matter. The decision means new deals can’t be signed, including for cargoes that have already left Australia, where BHP has its mines, except for some supplies that have landed in China and are priced in yuan.
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