BHP Billiton today advised it had reached agreement with China’s largest steelmaker Baosteel on the price of its Lump and Fine ores for the year commencing 1 April 2004.

The agreed prices are as follows:

• Mt Newman High Grade Lump 45.93 US cents per dry metric tonne unit; an increase of 18.62 per cent.
  
• Mt Newman High Grade Fines 35.99 US cents per dry metric tonne unit; an increase of 18.62 per cent.
  

The price for BHP Billiton’s Yandi products also increased by 18.62 per cent.