Iron-Ore Deal to Lift China's Steel Costs
Rio Tinto and BHP won an 85% increase in the benchmark price for iron ore after months of negotiating with China's top steelmakers. The deal indicates that steel prices world-wide are likely to stay high and fans further concerns about inflation.
Rio Tinto and BHP won an 85% increase in the benchmark price for iron ore after months of negotiating with China's top steelmakers. The deal indicates that steel prices world-wide are likely to stay high and fans further concerns about inflation.
