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August 30, 2008


Iron ore price negotiations – Vale settles pellets with ThyssenKrupp

Companhia Vale do Rio Doce announced that it concluded the blast furnace pellet price negotiations for 2008 with Germany steelmaker ThyssenKrupp Steel.

As an outcome of these negotiations, the blast furnace pellet price, FOB Tubarão, increased by 86.67% relatively to 2007. Therefore, the reference price per dry metric ton Fe unit for blast furnace pellets for 2008 is USD 2.2020.