UPDATE 3-CVRD deal seen boosting iron ore prices worldwide

Newswire

(Recasts with details, latest prices, analysts comments) By Denise Luna and Nicholas Trevethan RIO DE JANEIRO/LONDON, Feb 22 (Reuters) - Brazilian mining company CVRD sent shock waves through the global steel sector on Tuesday when it announced a price rise of almost 72 percent for the iron ore it sells to Japanese steel companies. The shares of steelmakers across the globe fell on the news, while the stock of mining companies -- which hope the deal will set a precedent -- rose. The ...

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