RIO DE JANEIRO, Oct 9 (Reuters) - Signs that China's economy will be further cooled by the financial crisis are prompting analysts to revise down their expectations for the iron ore price that major minor Vale could charge next year. With the price of steel down about 20 percent in China and big steel makers agreeing to cut production by a similar amount -- perhaps until year-end -- Brazilian analysts are cutting predictions of a 20 to 30 percent rise in iron ore prices next year. Vale, the world's second-biggest miner and the biggest iron-ore producer, may have to accept a price rise of only about 10 percent for next year, they said. Vale has asked its Asian customers to pay about 12 to 13 percent more for iron ore under 2008 term contracts to bring their FOB prices in line with those paid by European steel mills. 'Our...
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