CVRD completes price deals with Arcelor
The world's largest
iron ore producer,
Brazil's Companhia
Vale do Rio Doce (CVRD), recently completed 2005
iron ore and pellet price negotiations with
Europe's largest steel maker, Arcelor.
According to the agreement, Carajas (SFCJ) FOB Ponta da Madeira and Southern System
iron ore fines (SSF) FOB Tubarao prices increased 71.5%. The price of Tubarao blast furnace pellets FOB Tubarao increased 86.67% to US$ 1.1551 per metric ton Fe unit. Sao Luis blast furnace pellets FOB Ponta da Madeira increased 86.43% to US$ 1.1857 per metric ton Fe unit.