SPCC_SD
SL_250Y_4D_SL_330Y
S50CM
ASTM_A684_1065MOD_1070
SK85M
SILICON_ELECTRIC_STEEL
SECC
 
 
     
  4/2/2010  
  Posco agrees with Vale's 86% iron ore price hike

 

     
  It is reported that Posco agreed with Vale SA, the world’s largest iron-ore producer, to increase iron ore prices by up to 86 percent for the second quarter. The prices were tentatively set at US$100~105/ton. On the other hand, Vale followed the move by BHP Billiton Ltd. and Rio Tinto to agree with 97 percent of its global clients to adopt quarterly price adjustments instead of the previously annual adjustments. According to Credit Suisse Group AG, those three companies control about two-thirds of the global ore market which is worth US$200 billion a year.