BHP Billiton continues iron ore price talks
Australian
BHP Billiton confirmed that it is still continuing
iron ore price negotiations, even though its competitors completed talks last week.
BHP Billiton officials said that the company has not yet concluded deals with their Japanese customers for new
iron ore price contracts.
As reported earlier by SteelOrbis, Brazilian CVRD and Anglo-Australian
Rio Tinto finalized
iron ore deals with
Japan's Nippon Steel last week. The parties involved agreed upon a 71.5% price increase. The new prices will be in effect as of April 1, 2005.