Subscribe to RSS feedVale agrees to almost halving its iron ore price
by
Michelle Wiese Bockmann - Lloyd's List
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last modified
Jun 11, 2009 12:24 PM
Brazilian miner Vale has slashed 2009 benchmark iron ore prices by more than 48% for Japanese and South Korean steelmakers.
Still on track: Vale cuts prices by 48%
The company said it would cut fine ore prices by 28.2% from 2008 levels and agreed to reduce pellet prices by 48.3%.
Vale, the world’s biggest miner of iron ore, said the accord included South Korea’s POSCO, Japan’s Nippon Steel and...
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