South Korea’s POSCO, the world’s No.3 steelmaker, said on Tuesday, it had agreed on a 26 percent quarterly rise in Iron ore prices for the third quarter with three major miners.
For the current quarter, the steelmaker also agreed to hard coking coal imports at $225 per tonne, soft coking coal at $172 per tonne, and pulverised coal injection (PCI) at $180 per tonne, a statement from the company said.
Source: Reuters
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