CVRD settles 2006 iron ore prices with CSC, Arcelor

Brazilian mining giant Companhia Vale do Rio Doce (CVRD) announced that it concluded the iron ore price negotiations for 2006 with Taiwanese steelmaker China Steel Corporation (CSC) and Luxembourg-based steel giant Arcelor. According to these negotiations, iron ore prices for Carajás and Southern System fines increased by 19 percent compared to 2005. On the other hand, blast furnace pellet price from Tubarão plants will be reduced by 3 percent compared to 2005.