CVRD Settles 2005 Lump Ore Price with ThyssenKrupp Stahl.
PR Newswire Europe, March, 2005
RIO DE JANEIRO, Brazil, April 1 /PRNewswire/ -- Companhia Vale do Rio Doce (NYSE: RIO) (CVRD), the world's largest producer of iron ore and pellets, concluded the Carajas lump ore (CJL) price negotiations for 2005 with ThyssenKrupp Stahl A.G. (ThyssenKrupp), one of the largest European steelmakers. As an outcome of these negotiations CJL, price increased by 79% relatively to 2004.
CVRD supplies ThyssenKrupp with around 14 million tones of iron ore products per year, including pellets, fines and lumps. Considering only lump ore, this volume totals about two million tons per year.
CVRD has already established the 2005 prices for its three main iron ore products: pellets, fines and lumps.
CVRD reinforces its long-term commitment with clients,...
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