| News & Trends | ||
| 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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