03
Nov
09:17
Vale confirms doubling of shipments to China
Brazil’s Vale may be at risk of being replaced by Rio Tinto for the spot of top iron ore exporter. It remains committed however to doubling its iron ore shipments to China over the next four years, says chief executive Murilo Ferreira. In order to do so, the company is considering expanding the operating Valemax fleet to 64 vessels, Kallanish notes.
The miner intends to sell 180 million tonnes of iron ore in China in 2016 and hopes this will reach 300mt in…
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Anonymous
Very good overview of the weekly steel market.
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