Brazilian mining giant Companhia
Vale do Rio Doce (CVRD) has concluded its
iron ore and pellet price negotiations for 2007 with Italian steelmaker
Ilva S.p.A (
ILVA).
As a result of these negotiations, CVRD and
ILVA have agreed on a 9.5 percent increase for
iron ore prices for 2007, as compared to 2006.
With regard to pellet prices, the parties have agreed on a 5.28 percent increase for 2007.