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|Vale Settles New Pellet Prices With ArcelorMittal|
Brazilian Vale announced April 8 that it has agreed with ArcelorMittal on the new pellet prices for 2008 at US$2.2020 / DMTU, FOB Tubarão for Blast Furnace pellet with an increase of 86.67% from the levels for 2007, and US$2.4222 / DMTU, FOB Tubarão for DR pellet with the same incremental rate of 86.67%.|
DMTU stands for iron unit per dry metric tonne.
|last modified : Tue 15 Apr, 2008 [10:30]|