During the depths of the financial crisis some steel mills refused to honour their contracts, buying cheaper ore in the spot market.
在金融危机最严重的时期，有些钢铁公司拒绝履行合约，转而从现货市场购买价格更便宜的铁矿石。
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Marius Kloppers, chief executive of BHP, said the negotiations' outcome validates arguments about the value of Australian iron ore, but he refused to discuss any further implications.