Say goodbye to the benchmark system

- August 27th, 2008

Silver Investing News reports a global benchmark system is use to measure the price of iron-ore.  Over the past four years, a spot market in iron ore has formed to “meet the needs of steelmakers who are unable to satisfy demand within their annual volume contracts,” reports Andrea Hotter of Dow Jones Newswires. For complete … Continued

Silver Investing News reports a global benchmark system is use to measure the price of iron-ore.

 Over the past four years, a spot market in iron ore has formed to “meet the needs of steelmakers who are unable to satisfy demand within their annual volume contracts,” reports Andrea Hotter of Dow Jones Newswires.

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