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RIO TINTO SAYS HAMERSLEY SIGNS IRON ORE DEAL WITH BAOSTEEL.
SYDNEY, March 2 Asia Pulse - Rio Tinto Ltd (ASX:RIO) today said Hamersley Iron had reached agreement with Shanghai Baosteel Group Corporation on prices for Hamersley iron ore deliveries for the contract year commencing 1 April 2005.
Under the settlement, the price of Hamersley ore products to Baosteel will increase by 71.5 per cent over contract year 2004 prices.
Baosteel is China's largest steel producer.
...
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Source: HighBeam Research, RIO TINTO SAYS HAMERSLEY SIGNS IRON ORE DEAL WITH BAOSTEEL.