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The announcement that Rio Tinto was moving to quarterly pricing was made on Friday in a brief statement posted on the company's Web site.
A recent threat by Rio Tinto that it could give up quarterly pricing and leave steelmakers at the mercy of the spot market may persuade them to lose their inhibitions.
China Beijing continues to oppose the shift to a quarterly pricing system, and has called for an international trade challenge to what it regards as monopolistic practices by the big three iron ore exporters: –China accounts for about 65% of seaborne ore imports, followed by Japan with about 10% and all others with a combined 25%.
I usually open RSF Social Finance's quarterly pricing meetings with this question.
Investors even have the opportunity, through quarterly pricing meetings, to meet the borrowers they are funding.
What seemed truly radical, though, was our commitment to setting the rate collaboratively, with face-to-face quarterly pricing meetings involving investors, borrowers and RSF staff all playing a significant role in determining the interest rates investors receive and borrowers pay, as well as RSF's share of the revenue.
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Sales volume is on the rise despite quarterly price increases of 4 to 5percentt.
The move came soon after BHP Billiton and Vale said they had begun making iron ore deals based on quarterly prices, with BHP saying it had already made a significant number of deals with steel mills in Asia.
A quarterly price increase of 0.3% brought annual house price inflation to 7.8% in December and the average property price to £188,858, the UK's largest mortgage lender said.
AARP, which represents older Americans, said prices charged by drug makers for brand-name pharmaceuticals jumped 3.9percentt, four times the general inflation rate during the first three months of this year and the largest quarterly price increase in six years.
Martin Ellis, housing economist at Halifax, put the quarterly price rise – generally considered a safer indication of house price movement than the monthly figures – down to a combination of higher earnings, a fall in mortgage rates and stamp duty changes.
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