Rio Tinto subsidiary Hamersley Iron has today reached agreement with Japan’s Nippon Steel Corporation on the price for Hamersley iron ore deliveries for the contract year commencing 1 April 2009.
Under this agreement, the new prices for Hamersley products will be:
Pilbara Blend Fines
US cents 97 per dry metric tonne unit
Yandicoogina Fines
US cents 97 per dry metric tonne unit
Pilbara Blend Lump
US cents 112 per dry metric tonne unit
Rio Tinto Iron Ore chief executive, Sam Walsh said: “Rio Tinto is pleased to reach this agreement today with Nippon Steel Corporation, Japan’s leading steelmaker.
“We believe this settlement is a realistic outcome for both parties – one that reflects the global market for iron ore and the current challenging market conditions facing our customers.”
|
|
2008 |
2009 |
Down |
|
Pilbara Blend Fines |
144.66 US cents per dry metric tonne unit （91.13 USD per tonne） |
97 US cents per dry metric tonne unit （61.11 USD per tonne） |
32.95% |
|
Yandicoogina Fines |
144.66 US cents per dry metric tonne unit （83.9 USD per tonne） |
97 US cents per dry metric tonne unit （56.26 USD per tonne） |
32.95% |
|
Pilbara Blend Lump |
201.69 US cents per dry metric tonne unit （127.06 USD per tonne） |
112 US cents per dry metric tonne unit （70.56 USD per tonne） |
44.47% |
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