23
Aug
10:23
Vale targets smaller Chinese steelmakers, sells in yuan
Brazil's Vale is trying to increase its sales to Chinese steelmakers by selling small volumes of iron ore in yuan, the Chinese currency, Kallanish notes. This is an attempt by the miner to increase its presence in the main ore market, says company`s mining ceo Peter Poppinga in an interview with Brazilian media.
“In the market in China, Vale is trying to get closer to new customers. Over two months ago we started selling t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous