The Cape Azalea bulk carrier is moored at a raw material berth at a JFE Steel Corp. plant in Chiba City, Japan. (Photographer: Kiyoshi Ota/Bloomberg)

Top Steelmaker Warns of Price Hikes as Iron Ore Near 5-Year High

(Bloomberg) -- One of Asia’s top steelmakers warned that it will seek to pass the surging cost of iron ore, which reached a five-year high last month, on to customers to protect its margins.

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