China's potential curbs on BHP's Newman fines to lift iron ore prices, tighten steel margins

China potentially adding BHP’s Newman High Grade Fines to its spot cargo restriction list is expected to push up iron ore prices and pressure Chinese steelmaker margins, according to market participants and analysts. China has unofficially said it could place BHP’s Newman Fines in the restricted category, according to multiple media reports. This move mirrors the curb China placed on BHP’s anotherChina potentially adding BHP’s Newman High Grade Fines to its spot cargo restriction list is expected to push up iron ore prices and pressure Chinese steelmaker margins, according to market participants and analysts. China has unofficially said it could place BHP’s Newman Fines in the restricted category, according to multiple media reports. This move mirrors the curb China placed on BHP’s anotherRead More