China's Baosteel agrees with BHP Billiton on iron ore price increase
2008-07-04 07:52:25 GMT 2008-07-04 15:52:25 (Beijing Time) Xinhua English
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BEIJING, July 4 (Xinhua) -- Baosteel, China's largest steel maker, said Friday it had agreed with BHP Billiton on a price increase of up to 96.5 percent for iron ore in 2008, nearly double that of 2007.
The prices were to increase by 79.88 percent to 96.5 percent, respectively, depending on the category of iron ore, the company said in a statement on its website.
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