Announcement made after market:
BHP Billiton today announced it had reached agreement with a number of its Japanese, Korean and European steel customers on prices for contracted iron ore tonnage for the 2006 contract year.
Prices increased by 19% over prices negotiated in respect of the 2005 year across the range of lump and fines iron ore products supplied by BHP Billiton.
secures 19 percent increase
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