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You are here: Home → Archive → 2009 → July → 21 → Vale locks in iron ore prices, but not with China

Vale locks in iron ore prices, but not with China

by Michelle Wiese Bockmann - Lloyd's List — last modified Jul 21, 2009 11:46 AM

Brazil's Vale has agreed on its 2009 iron ore contract prices with Italian and Turkish steelmakers.

The world’s largest iron ore producer said it had agreed a 28.2% fall in price for iron ore fines and 44.5% fall for lumps for Turkish steelmaker Erdemir and Italy’s Ilva and Lucchini.

The price cuts are similar to those recently...

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