26
Feb
00:00
Vale says gradual exit of higher cost iron ore producers may continue in short to mid-term
Brazil’s Vale hints that it expects pretty much more of the same for the iron ore market in 2015. The world’s biggest producer of the material says that the gradual exit from the market of higher cost producers may continue in the short and medium term. This would lead to “…a new market equilibrium in the medium to long-term”, Vale says in its 2014 results presentation monitored by Kallanish
The Iron ore price dropped by 47% in…
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Anonymous
Very good overview of the weekly steel market.
Anonymous