Chinese demand set to underpin iron ore price hike: report

THE big three iron ore producers CVRD, Rio Tinto and BHP Billiton are certain to win back most of the price concessions they made to European and Japanese steel mills in 2002 thanks to booming demand in China, according to a report.

Chinese demand set to underpin iron ore price hike: report Chinese demand set to underpin iron ore price hike: report Chinese demand set to underpin iron ore price hike: report Chinese demand set to underpin iron ore price hike: report Chinese demand set to underpin iron ore price hike: report

Sydney-based AME Mineral Economics said the iron ore industry is gearing up for boom times, with China's thriving steel industry driving unprecedented levels of demand in international markets at a

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