The Brazilian mining giant Companhia
Vale do Rio Doce (CVRD) announced on Friday, January 12, that it has concluded a price deal on
iron ore pellets for 2007 with Lucchini SpA. - Italian subsidiary of the Russian steel producer
Severstal.
According to the agreement, Lucchini agreed on the previously established 5.28 percent price increase for 2007
iron ore pellet deliveries.
As SteelOrbis reported earlier, CVRD concluded 2007
iron ore price negotiations with another Italian steelmaker
Ilva in December 2006. As a result of the negotiations, CVRD and
Ilva agreed on a 9.5 percent rise for the 2007
iron ore price and on a 5.28 percent increase for the 2007
iron ore pellets price.