24
Mar
12:27
Vale takes measures to supports its suppliers
Brazilian miner Vale tells Kallanish that it has taken a series of initiatives to support its suppliers during the crisis caused by the coronavirus. The miner`s plan includes an anticipation of payments to small and medium-sized companies of BRL 160 million ($31.4m) for services already performed and materials delivered.
“During the next 30 days, Vale will also reduce the payment terms for services and materials by up to 85%, which will still be invoiced by…
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Anonymous
Very good overview of the weekly steel market.
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