The Brazilian mining giant Companhia
Vale do Rio Doce (CVRD) announced on January 17 that it is in talks with Turkish steel producer
Erdemir regarding the 2007
iron ore and pellet prices.
Accordingly, CVRD is in talks with
Erdemir with a view to achieving a 9.5 percent fine
iron ore price increase and a 5.28 percent pellet price hike in accordance with the world reference prices.