'The world's biggest io miners are engaged in a tense stand-off...

'The world's biggest io miners are engaged in a tense stand-off with Chinese steel makers over contract price negotiations heightening speculation that the decades-old system of of setting an annual benchmark price could end .....' (pages 1&35 today's fin review). Looking like a price indexing system could be argued for. Spot prices pushing quite high. Expectation for benchmark for April 1 could rise by up to 40% (spot to benchmark premium currently about 45%). Roll on nsl to 5 cents, no, 10 cents - why not 50.