30
May
15:12
Vale sees iron ore price staying above $60/tonne
The global iron ore price should not fall under $60/tonne, says Brazil`s Vale ceo Fabio Schvartsman. The executive was speaking during the Brazil Investment Forum held in Sao Paulo, Kallanish notes.
This is the estimated 'base"' level for the commodity during this year. This happens while the iron ore market is changing driven by increasing interest in higher quality iron ore by China, and the exhaustion of many Australian and Chinese…
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Anonymous
Very good overview of the weekly steel market.
Anonymous