Biderman Sees Iron Ore Prices Rising on Short-Term Pacts

April 1 (Bloomberg) -- Raphael Biderman, an analyst at Banco Bradesco SA, and James Lennon, an analyst at Macquarie Group Ltd., talk with Bloomberg's Erik Schatzker about the outlook for iron ore prices after producers Vale SA and BHP Billiton Ltd. said they ended a 40-year system of setting annual prices and will sign short-term contracts with Asian steel mills. (Source: Bloomberg)