06
Jul
09:01
Resumed output will lower ore price: Vale cfo
The partial resumption of Vale’s iron ore production in the second half of this year should push down international raw materials prices. So said the miner’s financial director, Luciano Siani, in a conference call to analyst XP Investimentos monitored by Kallanish.
“The main reason for Vale's positive financial situation is the recent high price for iron ore, as lower than expected first-quarter production by Vale and rivals in Australia…
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Anonymous
Very good overview of the weekly steel market.
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