ARH australasian resources limited
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Australian iron ore firms demand price hikeThe world's number...

  1. terryl
    2,950 Posts.
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    10/06/08
    15:56
    Post #: 3837803
    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.



    ARH Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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