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Vale (VALE -0.5%) will temporarily reduce production of iron pellets used in steel-making blast...

  • Thursday, October 4, 2012, 10:31 AM ET
    Vale (VALE -0.5%) will temporarily reduce production of iron pellets used in steel-making blast furnaces as the world's largest producer and exporter of iron ore and blast furnace pellets adjusts output to meet demand. Vale says it will reduce output at its Sao Luis and Tubarao I and II plants which produced 4.9M metric tons of iron pellets in H1.
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    Maybe sinter feed (which is what Vale will increase production) carries less added value than pellets (which is what Vale will reduce production)? If true, would that be a Chinese imposition?
    4 Oct 2012, 12:14 PM Reply Like
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