downtoearth-subscribe

Iron ore prices rise to new high

Javier Blas & Rebecca Bream Baosteel agrees to pay a record price increase to Rio Tinto for delivery of iron ore next year. Baosteel, China's leading steelmaker, agreed on Monday to the largest ever annual increase in iron ore prices with Rio Tinto, the Anglo-Australian miner, in a move that is likely to reinforce fears about global inflation.

Related Content