05
Dec
09:59
Vale sees 2019-2021 iron prices stable, production up
Brazil’s Vale estimates that the annual average iron ore price will be between $60-70/tonne in the 2019/2021 period. This is more or less in line with the current average iron ore price of $70.59/t cfr Qingdao registered by the Kallanish KORE 62% Fe index so far this year.
The company also expects its annual cash flow generation to increase from $8 billion to $12 billion over the same period, supported by higher production of iron ore and pe…
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Anonymous
Very good overview of the weekly steel market.
Anonymous