Brazilian CVRD’s Iron Ore Will Cost 19% More

Companhia Vale do Rio Doce (CVRD), the world’s largest iron ore producer, concluded the iron ore price negotiations for 2006 with Thyssen Krupp Stahl AG (Thyssen Krupp), the largest German steel maker.

As an outcome of these negotiations, iron ore prices for Carajás (SFCJ) and Southern System (SSF) fines increased by 19.0% relatively to 2005. Blast furnace pellets, both from Tubarão and Sao Luí­s, will be reduced by 3.0%.

CVRD reinforces its long-term commitment with clients, investing a significant amount of resources, despite of rising investment costs, in the production and logistics of iron ore.

For 2006, CVRD capex budget allocated US$ 2.1 billion for investments in ferrous minerals. Currently, CVRD is developing seven projects for iron ore and pellet production capacity expansion, which will come on stream between 2006 and 2008.

The iron ore price settlement with a traditional customer such as Thyssen Krupp, with whom CVRD has several decades of commercial relationship, is, according to the company, evidence of the weight of the long-term view involved in these negotiations.

Companhia Vale do Rio Doce – www.cvrd.com.br

Tags:

You May Also Like

Capital Goods Lead Brazil’s Little Growth

After two months of downturn, industrial production in Brazil was up 1.5% in March, ...

In 10 Years Brazil Wants Its Market Share in Meat to Be 44.5% of World Trade

Brazil will be able to increase farm produce, including meat, without further negative impact ...

More Brazilian Soldiers Make Their Way to Haiti

The last group of Brazilian soldiers slated to join the 5th contingent of the ...

Marking Time

Yes, there are prosperous and even rich Brazilian blacks. And they are not just ...

Brazil Congratulates Haiti for Elections Well Done

The Brazilian government sent a message, Wednesday, February 8, congratulating the Haitian people on ...

A sample of banaplac from Brazilian micro firm

Bananaplac, a Brazilian Answer to Formica

The production of alternative materials to hardwood in communities that plant banana and pupunha ...

One Killed, Dozens Mugged, It’s Tourist-Hunting Season in Rio, Brazil

Rio robbers have been terrorizing foreign tourists more than ever. Nobody seems able to ...

Brazil Gets a Chance in London to Show Its Credentials as Global Leader

World leaders convened in London for the highly anticipated G20 summit. Without a doubt, ...

Americas Conference in Brazil Ends With Proposal to Prevent Bird Flu

Gathered at the Brazilian Ministry of Foreign Relations in BrasÀ­lia, capital of Brazil, representatives ...

LETTERS

TerminologyBy Brazzil Magazine

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`