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Deal with Rio for 85% rise in iron ore prices

by Fu Chenghao

BAOSTEEL Group Corp, which represents Chinese steel makers in the annual iron ore price talks with global mining giants, agreed to an average rise of 85 percent in 2008 contract prices with Australia's Rio Tinto yesterday. ...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080624/article_364309.htm"> Deal with Rio for 85% rise in iron ore prices </a> by -- BAOSTEEL Group Corp, which represents Chinese steel makers in the annual iron ore price talks with global mining giants, agreed to an average rise of 85 percent in 2008 contract prices with Australia's Rio Tinto yesterday. ... </p>