Varaich Supplies Global Demand For Iron Ore

May 23, 2009 - PRLog -- Varaich, LLC is a New York based company specializing in global commodity trading. Through their extensive business relationships and unprecedented access to some of the world's largest Brazilian mining companies, they offer large quantities of high quality iron ore at highly competitive rates.

Due to surge in demand from China, one of the fastest growing industrial nations, iron ore prices have started their climb after a dip from 2008 levels.  The world’s biggest iron-ore producers, aren't negotiating annual contract prices with steelmakers and are selling on the spot market. China will launch its first iron ore trading platform next week in a move that may lead to setting up its own pricing index and possibly exerting more influence over import costs.

However, due to popular market consensus that prices will inevitably climb, many commodity dealers have started to stock pile on their iron ore reserves.  Varaich is now serving the demand from steel mills around the global by negotiating long-term contracts at competitive pricing.

# # #

Varaich specializes in global trading of physical commodities such as Iron Ore. Through our exclusive relationships with commodity producers/miners acorss south america, we are able to provide large quantities of commodities at competitive prices.