bhp article, page-6

Crowy

I think that China is just talking tough to save face, at the end of the day china needs FE from BHP and RIO.

BHP and RIO have china by the balls and they know it, BHP/RIO will get their freight differential premium, we should see a conclusion by the 1st of June, if they dont settle by June 1st they will paying for FE at the spot price, the chinese can talk as tough as they want, the chinese are not in a position to dictate while their economy is growing at 10%.