"In a separate statement, Baowu noted it had now struck...

"In a separate statement, Baowu noted it had now struck yuan-based deals with the “three giants” of iron ore - BHP, Rio Tinto and Vale."
(source : see above)

And I almost forgot (my apologies for disappointing you) , Twiggy led the Charge by dickering with the Devil in Rinimbi last December:


https://www.mysteel.net/article/5011740/FMG-sells-first-Yuan-priced-iron-ore-deal-on-COREX.html

No wonder the US have been a bit shirty with us of late...eh?

When Sadam Hussein started to sell oil to Europe in Euros, he had a visit from the US Cavalry.