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China's CMRG Escalates Tactics Against BHP for Steel Deals

12/29/2025

45 4 Full Breakdown

Summary

Story summary

China Mineral Resources Group (CMRG) intensified tactics against mining giant BHP Group Limited (BHP) to secure better terms for steel mills that account for over half of China's iron ore imports.
CMRG has banned multiple products from BHP, marking an escalation in negotiations.
The group has achieved a freight discount from Rio Tinto.
The strategy has complicated sourcing for mills and forced them to pay more for alternative products.

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Story summary

China Mineral Resources Group (CMRG) intensified tactics against mining giant BHP Group Limited (BHP) to secure better terms for steel mills that account for over half of China's iron ore imports.
CMRG has banned multiple products from BHP, marking an escalation in negotiations.
The group has achieved a freight discount from Rio Tinto.
The strategy has complicated sourcing for mills and forced them to pay more for alternative products.