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。

youdao

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.

必和必拓首席执行长高瑞思(Marius Kloppers)表示，谈判结果证明，他们关于澳大利亚铁矿石价值的理由是正当的，但他拒绝谈论该结果更深一层的影响。

youdao