China Is Said to Relax Curbs on Some BHP Iron Ore Cargoes

China’s state-backed iron ore buyer has told several steel mills in the country they are allowed to purchase some BHP Group cargoes, an apparent concession in a months-long commercial dispute.

Officials from China Mineral Resources Group Co. told plants they can resume bidding for some BHP cargoes denominated in US dollars from Tuesday, according to people familiar with the matter. Mills have not yet been explicitly allowed to take BHP physical deliveries from Chinese ports, but a notice is expected, they said, asking not to be named discussing private commercial details.