China’s state-backed iron ore buyer, China Mineral Resources Group (CMRG), has told steel mills they can resume bidding for some BHP Group cargoes priced in US dollars from Tuesday, signaling a thaw in a months-long dispute. Physical shipments from C

2026-04-14

China’s state-backed iron ore buyer, China Mineral Resources Group (CMRG), has told steel mills they can resume bidding for some BHP Group cargoes priced in US dollars from Tuesday, signaling a thaw in a months-long dispute. Physical shipments from Chinese ports are expected to follow soon. The development comes after BHP incoming CEO Brandon Craig visited China and met with China Baowu Steel Group and CMRG, alongside outgoing CEO Mike Henry.