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VALE
Vale S.A.

5/26/2012, 3:45 PM ET
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VALE Market Currents more »
  • Friday 12:55 PM With credit conditions worsening abroad, Brazil makes it easier for three of the country's giant firms - VALE, Petrobas (PBR), and Electrobas - to tap the state development bank for funding. Together, the three make up 25% of the Bovespa index, which is +1.3% today. EWZ +2.2%.
    Comment!
    [Global & FX]
  • Thursday 8:02 AM The majority of steel mills in northern China have halted production, according to an analyst in the coal-trade business, putting more meat behind an earlier story about iron ore and coking coal buyers attempting to back away from orders. Not surprisingly, electricity producers are seeing their own stockpiles of coal grow due to slumping demand for juice.
    3 Comments
    [Global & FX]
  • Monday 7:14 AM Chinese buyers for iron ore and coking coal are attempting to defer orders and defaulting on contracts, according to reports from traders, as the country is filled to the brim with the stuff and the nation's steel mills are cutting output amidst heavy overcapacity. (see also)
    7 Comments
    [Global & FX, Commodities]
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Company Description
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Sector: Basic Materials
Industry: Steel & Iron
Country: Brazil