CVRD's 6m Reais sponsorship of a samba school that participated in the Rio Carnival has paid off. 640 of CVRD's overseas clients came to Rio for CVRD's party and, inevitably, they talked business. In an exclusive interview at 4am on March 3 in CVRD's suits in the Sambodrome, CVRD's indefatigable president Roger Agnelli told MB he was particularly happy with the presence of six Chinese steelwork presidents in the party group. "The Chinese are proposing to buy iron ore on ten-year contracts to ensure volume," he said. Prices for such a contract, not yet formalized, would be negotiated every year at usual market rates, with the possibility of volume discounts, he said.
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