Pros and Cons,Iron Ore Price Hikes

Backaround Baostecl and CVRD reached an agreement on the price hikes of 65 percent and 71 percent in February.And in June Baosteel and Rio Tinto which is the largest iron ore company in Australia reached an agreement on the price hikes of 79.88 percent on the iron ore fines and 96.5 percent on the iron ore lumps.This is the first time that two kinds of the iron ore price grew at the same time in Asian market.