BHP Billiton Negotiate Iron Price Rise with Japanese, Korean and European Steel Customers

BHP Billiton today announced it had reached agreement with a number of its Japanese, Korean and European steel customers on prices for contracted iron ore tonnage for the 2006 contract year.

Prices increased by 19% over prices negotiated in respect of the 2005 year across the range of lump and fines iron ore products supplied by BHP Billiton.

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