Subscribe to RSS feedVale slashes ore price
by
Michelle Wiese Bockmann, London
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last modified
Jun 19, 2009 03:34 PM
BRAZILIAN miner Vale has slashed 2009 benchmark iron ore prices by as much as 48.3% for Japanese and South Korean steelmakers.
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 Japan’s Nippon Steel, South Korea’s POSCO...
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