Vale to look for 20% up on new iron ore price
According to a recent report, Brazilian miner Vale has informed its Chinese customer about the 20 percent up on iron ore price effective September 1.
Once the Chinese steelmakers agree the new price rise, expected demand will be up and also Vale’s new fiscal year 2008 price is higher which the Australian miners won in July.However, no Asian mills would be likely to accept now and declined to give any comments.
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