Iron Ore- WSJ - Databases selected: Multiple databases......

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Unformatted text preview: Databases selected: Multiple databases... Full Text (558 words) Rio Tinto and BHP Push the Cost of Iron Ore Higher; Steel Prices Fuel Inflation Worries; Taking a Hard Line Robert Guy Matthews . Wall Street Journal . (Eastern edition). New York, N.Y.: Jun 24, 2008. pg. B.1 Abstract (Summary) After months of negotiating with China's top steelmakers, mining giants Rio Tinto PLC and BHP Billiton Ltd. on Monday won an 85% increase in the benchmark price for iron ore, a key ingredient in steel production. (c) 2008 Dow Jones & Company, Inc. Reproduced with permission of copyright owner. Further reproduction or distribution is prohibited without permission. After months of negotiating with China's top steelmakers, mining giants Rio Tinto PLC and BHP Billiton Ltd. on Monday won an 85% increase in the benchmark price for iron ore, a key ingredient in steel production. The rise indicates that steel prices world-wide are likely to stay high, further fanning inflation concerns. The increase -- which tops the amount that the companies' Brazilian rival Cia. Vale do Rio Doce, known as Vale, negotiated for itself earlier in the year -- was settled between the mining companies and Baosteel Group Co., China's largest steelmaker, butitself earlier in the year -- was settled between the mining companies and Baosteel Group Co....
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This note was uploaded on 04/12/2011 for the course MKT 388 taught by Professor Lane during the Winter '09 term at Grand Valley State University.

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Iron Ore- WSJ - Databases selected: Multiple databases......

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