CVRD increases iron ore prices for Arcelor
Brazilian Companhia
Vale do Rio Doce (CVRD), the world's biggest
iron ore exporter, has signed an agreement with the world's biggest steel producer Arcelor to increase
iron ore prices by 18.6%.
CVRD is planning to sign similar agreements in 2004 with its other customers in
Europe and Asia.
CVRD expected to sell over 22 million tons of
iron ore to Arcelor this year.