24
Oct
17:02
Goncalves slams China on environment
The ceo of US iron ore producer Cleveland-Cliffs came down hard on Chinese steelmakers’ environmental practices during the company’s third-quarter conference call with analysts, Kallanish reports.
Ceo Lorenco Goncalves blamed iron ore giant Vale for allowing the differential between 65% index ore and IODEX ore to fall from $30/tonne to $6/tonne – largely due to shifting dynamics between Europe and China.
“Said another way, what Vale ha…
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Anonymous
Very good overview of the weekly steel market.
Anonymous