Vale looks to pump up iron prices

- September 12th, 2008

Iron Investing news reports Vale, world’s largest producer and exporter of iron-ore, is in negotiations with its Asian clients to increase prices. The proposed increase will bring prices for Vale’s Asian clients on par with those charged to their European counterparts. Depending upon the ore grade, Asian steelmakers pay between 11and 11.5 per cent less … Continued

Iron Investing news reports Vale, world’s largest producer and exporter of iron-ore, is in negotiations with its Asian clients to increase prices.

The proposed increase will bring prices for Vale’s Asian clients on par with those charged to their European counterparts. Depending upon the ore grade, Asian steelmakers pay between 11and 11.5 per cent less than Vale’s European clients.

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