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China Steel Group Says Push for Yuan-Pricing Would Help Iron Ore

Bloomberg Markets Thursday 06 August 2026, 02:58 UTC By Katharine Gemmell 1 min read
Key Points

China Steel Group Says Push for Yuan-Pricing Would Help Iron Ore China’s main steel-industry group called for greater use of yuan-denominated index pricing in the iron ore market, saying such a shift would better reflect supply and demand in the top user of the commodity. Promoting the use of Chinese currency would complement existing US dollar-denominated benchmarks by providing an additional reference based on transactions in the large port-side spot market, the China Iron and Steel...

China Steel Group Says Push for Yuan-Pricing Would Help Iron Ore China’s main steel-industry group called for greater use of yuan-denominated index pricing in the iron ore market, saying such a shift would better reflect supply and demand in the top user of the commodity. Promoting the use of Chinese currency would complement existing US dollar-denominated benchmarks by providing an additional reference based on transactions in the large port-side spot market, the China Iron and Steel Association said in a statement on its WeChat account.
China Steel Group (ORG) Yuan-Pricing Would Help Iron Ore China Steel Group (ORG) Yuan-Pricing Would Help Iron Ore China’s (ORG) Chinese (ORG) US (LOCATION) the China Iron and Steel Association (ORG)
Originally published by Bloomberg Markets Read original →

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