Iron ore prices rise again

GLOBAL benchmark iron ore prices for the coming year have been settled in record time, with the Chinese – the laggards during this year’s discussions – reportedly leading the way in locking away a 9.5% increase for 2007.

Iron ore prices rise again Iron ore prices rise again Iron ore prices rise again Iron ore prices rise again Iron ore prices rise again

Baosteel – which represents all the Chinese steel industry – agreed to the rise in the price of fine ore with Brazilian iron ore giant CVRD.

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