Vale said the Department denied manipulating the price of iron ore market supply and demand.

<P> According to the British Financial Times reported that high iron ore prices for Chinese made the allegations, the Brazilian ore giant CVRD (Vale), said yesterday that "CVRD did not manipulate the price: the price is market manipulation." </ P .> <P> steel manufacturers and Chinese officials that the global iron ore market power is too concentrated, CVRD, Rio Tinto and BHP Billiton mastered the pricing power. .</ P> <P> 罗杰阿格内利 Vale chief executive said in Shanghai is the supply and demand determine price, not the big iron ore miners. .</ P> <P> previously said the three iron ore giants such as iron ore and coking coal, steel making commodity prices further. .The second quarter iron ore prices have risen by 90% to 100% of coking coal prices also rose by 55%. .The third quarter average price of iron ore is expected to rise 30% to 35%, coking coal prices will rise 10-15%. .</ P> <P> iron ore and coking coal prices eventually will inevitably pass through the steel to a variety of commodities, which sparked concerns about inflation in emerging countries. .</ P>.