The largest Ukrainian iron ore producer Metinvest Holding (Metinvest) has announced that it has reached an agreement regarding the 2008 iron ore prices with Ukrainian steel producer Ilyich.
Accordingly, the price of iron ore supplied by Metinvest to Ilyich has increased in line with the rise in the international iron ore market - i.e. by 65 percent as of April 1, 2008.