CAPITAL MARKETS

CVRD wins 19% price hike

BRAZILIAN iron ore giant CVRD said it has reached agreement with European steel maker Arcelor to raise the price of its Carajas fines product by 18.62% to US37.90c a tonne iron unit.

Greg Tubby
CVRD wins 19% price hike

The price of standard sinter feed was settled at US36.45c, a 17.43% increase over the 2003 price. CVRD said it settled with price after several rounds of negotiation that started last month. It expected...

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