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News & Trends
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| Iron ore price negotiations - JFE denies 90 pct hike news - 09 Mar, 2010
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JFE Holdings Inc said that it has not received a proposal from Brazil's Vale for an over 90% hike in iron ore prices.
Brazil's Valor newspaper reported that Vale was seeking an increase of more than 90% for iron ore as spot market rates soar for the steel ingredient and that JFE was willing to accept the proposal, citing unidentified sources.
A JFE spokesman said that "We have not received such an offer. It is not true that we are willing to accept the offer."
(Sourced from www.reuters.com)
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Currency Rates
03 Feb, 2012
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