Posted in | News | Ferrous Alloys and Metals | Iron and Steel

CVRD Negotiates Price Increase of Blast Furnace Pellet with Japanese Steel Producers

Jan 17 2007

Companhia Vale do Rio Doce (CVRD), the world's largest iron ore producer, has concluded the blast furnace pellet price negotiations for 2007 with the Japanese steelmakers - Nippon Steel Corporation, JFE Steel Corporation, Sumitomo Metals, Kobe Steel and Nisshin Steel.

As an outcome of these negotiations, the prices for blast furnace pellets, Fob Tubarão and Ponta da Madeira, increased by 5.28% relatively to the 2006 reference prices.

CVRD reinforces its commitment with clients, continuing to invest a substantial amount of resources to add new capacity of high quality pellets to meet client needs in the near future.

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