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.