CVRD And Nippon Steel To Expand Alliance

CVRD And Nippon Steel To Expand Alliance

Asia

Companhia Vale do Rio Doce (CVRD), the largest iron ore producer in the world, and Nippon Steel Corporation (Nippon Steel), the largest steelmaker in Japan, signed an agreement Monday for the supply of 70 million tons of iron ore for the period between 2005 and 2014. CVRD currently supplies Nippon Steel with approximately 6 million tons annually of iron ore. With the agreement, the annual supply should reach 7 million tons. The two companies are also negotiating a contract to supply 2 million to

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