05
May
01:00
Iron ore slump, high investment seen pressuring Vale leverage in 2015 and 2016
Depressed iron ore prices coupled with sizeable investment levels are likely to put “significant pressure” on the finances of Brazilian miner Vale in 2015 and 2016, according to Standard & Poor’s (S&P).
The slump in ore prices is hampering profitability across the industry, affecting in particular the lesser diversified producers, such as Vale. “We consider those two factors – profit volatility and narrow portfolio diver…
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Anonymous
Very good overview of the weekly steel market.
Anonymous