MELBOURNE/SEOUL: Rio Tinto Group, the world's second-largest iron ore exporter, won price increases of as much as 97% from Asian steel-makers, fuelling inflation concerns and adding pressure on BHP Billiton Ltd to settle contracts.
The agreements for the 12 months that began April 1 match prices agreed on June 23 with Baosteel Group Corp, China's biggest mill, the London-based company said yesterday in a statement.
