Vale Resumes Canadian Ops – Analyst Blog
Zacks Market Commentaries (August 26th, 2009) Writes:
Vale has decided to stop negotiating with Chinese steelmakers on prices of iron ore. It now plans to offer provisional prices on ore shipments, whenever there is one.
China imported huge volumes of iron ore to build inventories at attractive prices. According to Beijing’s National Bureau of Statistics, China bought 58.1million tons of iron ore, up 32% from a year ago. Due to higher inventories in China, Brazil experienced a 6% drop in iron ore export in July compared to the previous year. The situation can even hurt prices
...Beijing, BHP Billiton Ltd., Brazil, China, Market Commentary, national bureau of statistics, rio tinto, Statistics, Steel Demand, steel production, Stocks to Watch, United States, USD, Vale, Zacks Market Commentaries


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