20
Feb
11:59
Vale output cut seen boosting Indian ore/steel producers
The halting of production earlier this month at Vale’s Brucutu mine in Brazil will be favourable for Indian iron ore miners and steelmakers in the short term, according to India Ratings and Research (Ind-Ra).
With a limited supply of iron ore, increasing iron ore and steel prices in the international market and better export prospects are seen improving the average realisation and capacity utilisation of Indian companies.
According to Vale, the Brucutu …
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Anonymous
Very good overview of the weekly steel market.
Anonymous