EconomyChina’s CMRG tells some steel mills to halt talks with Rio Tinto, sources say
China’s state iron ore buyer, CMRG, has instructed some steel mills to stop negotiating with Rio Tinto over shipments beginning in September, according to two sources. The move escalates pressure on Rio Tinto, described as the world’s largest iron ore producer, during annual supply discussions. The direction affects selected mills rather than the entire industry. It signals a sharper dispute in negotiations over upcoming iron ore supplies.
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Reuters★★★☆☆2026-08-06 07:05Original
China’s CMRG tells some steel mills to halt talks with Rio Tinto, sources say
Economy