Steel mills are set to pay record prices for iron ore next quarter, as resurgent global demand butts up against limited supply.

随着全球需求回升，而供应有限，钢厂下个季度支付的铁矿石价格将创出历史最高水平。

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But from February to May of that year, we started shipping iron ore, and by the end of the year, I had generated enough cash to pay back the money that they lent.

但是从那年的二月到五月，我们就能贩运铁矿石，而到了当年年底我们就赚到了足够的钱，偿还了债务。

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Chinese steel makers have agreed to pay record prices for iron ore from the remote Pilbara region of Western Australia.

中国钢铁公司同意以高价购买西澳大利亚皮尔·巴拉地区的铁矿石。

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The opponents include the prominent Swiss-based (but Russia-linked) Trans World Group, which says that a ban on tolling is impractical, because Russian firms cannot be sure of always having the hard currency to pay for the continuous supply of imported ore they need.

ECONOMIST: A heavy toll

After months of negotiations, China's steelmakers agreed to pay up to double the price for the iron ore they buy from Rio Tinto, the biggest-ever annual rise in the cost of the commodity.

ECONOMIST: Business this week

Rio instead raised cash to pay down hefty debts with a rights issue and also announced an iron ore tie-up with BHP (which itself had tried, and failed, to acquire Rio in 2008).

ECONOMIST: China and Rio Tinto: A souring relationship | The