Rio Tinto Seeks 20% Price Hike For 3Q Iron Ore To China -Report-Shanghai Metals Market

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Rio Tinto Seeks 20% Price Hike For 3Q Iron Ore To China -Report

Data Analysis 11:11:52AM Jun 09, 2010 Source:SMM

SHANGHAI, June 9 -- Anglo-Australian resource giant Rio Tinto Ltd. (RIO.AU) has notified Chinese steelmakers that the price of iron ore for the July-September period will be raised some 20% from the previous quarter, the state-run China Securities Journal reported Wednesday.

The price offer of $147 a metric ton "was sent to us via an email, and (Rio Tinto) is waiting for our reply," the newspaper cited an official from the international trading department of a large steel mill as saying.

The quarterly hike in iron ore prices is similar to what Rio Tinto offered to Japanese steelmakers, it said.

 

 
 

Key Words:  iron ore  Rio Tinto 

Rio Tinto Seeks 20% Price Hike For 3Q Iron Ore To China -Report

Data Analysis 11:11:52AM Jun 09, 2010 Source:SMM

SHANGHAI, June 9 -- Anglo-Australian resource giant Rio Tinto Ltd. (RIO.AU) has notified Chinese steelmakers that the price of iron ore for the July-September period will be raised some 20% from the previous quarter, the state-run China Securities Journal reported Wednesday.

The price offer of $147 a metric ton "was sent to us via an email, and (Rio Tinto) is waiting for our reply," the newspaper cited an official from the international trading department of a large steel mill as saying.

The quarterly hike in iron ore prices is similar to what Rio Tinto offered to Japanese steelmakers, it said.

 

 
 

Key Words:  iron ore  Rio Tinto