Australian iron ore firms demand price hike The world's number two and three iron ore suppliers, Australia's Rio Tinto and BHP Billiton, have demanded a 100 percent price hike this year from East Asian buyers including POSCO, Nippon Steel and Baoshan Iron & Steel. That is much higher than the 65 percent hike the steelmakers agreed to in February with Brazil's Vale, the world's number one iron ore producer.
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