Vale (RIO) pushes China for higher prices

September 4, 2008 · Filed Under Gold and Resources · Comments

“When yearly contracts were made in February at an 86% increase on last year’s prices, China’s steel producers gulped so hard they nearly swallowed their own teeth. But that wasn’t the end of it. Both Rio Tinto and BHP renegotiated their contracts for even higher prices this summer. And now its big brother’s turn.” — [...]

Tags: australia, bhp, billiton, brazil, china, companhia, doce, iron ore, rio, RTP, souther systems fines, steelmakers, tinto, ton, vale

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