2007 iron ore price rise to be under 10 percent

A Reuters report today suggests that the 2007 iron ore price increase will be under ten percent. World iron ore prices increased by 19 percent in early 2006, after a jump of over 70 percent in early 2005, fuelled by demand from China.

The prediction of a less than 10 percent rise is from POSCO. It comes just before the annual price negotiations which commence later this month.

For Reuters report, see http://asia.news.yahoo.com/061116/3/2szj3.html

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