CVRD concludes iron ore price negotiations with TKS

Brazilian iron ore giant Companhia Vale do Rio Doce (CVRD) reportedly concluded iron ore price negotiations for 2006 with German steelmaker Thyssen Krupp Stahl AG. Accordingly, iron ore prices for Carajas and Southern System fines increased by 19 percent compared to 2005. On the other hand, blast furnace pellets, both from Tubarao and Sao Luis, will be reduced by 3 percent.