3 mining giants to increase iron ore prices by 30%

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3 mining giants to increase iron ore prices by 30%
BHP Billiton, Rio Tinto and CVRD, the three mining giants, plan to increase the prices of the raw materials for making steel, including iron ore and coking coal, according to overseas media groups. The prices of iron ore in the next three quarters will increase 30 percent to 35 percent on average, while the price of coking coal will increase 10 percent to 15 percent. According to a local newspaper in Brazil, based on the 90 percent to 100 percent increase of iron ore prices in the second ...

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