Brazilian iron ore miner Vale SA is to adopt a different iron ore pricing system and has more than doubled rates on some types of ore, the Sao Paulo newspaper, Valor Economico has reported, citing a note the company has sent to its clients.
The new prices will be valid from April until June and Vale will use the Platts Iodex index instead of a benchmark pricing system.
The price of Carajas sinter feed will increase to $122.20 per metric ton from last year’s reference price of $57, the newspaper said.
1 comment:
The shape of things to come.
Post a Comment