Going long: Chinese steel mills chase iron ore contracts with Brazil's Vale

DALIAN, China (Reuters) - Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale.

https://www.reuters.com/article/us-china-steel-ironore/going-long-chinese-steel-mills-chase-iron-ore-contracts-with-brazils-vale-idUSKCN1M10KV