12
Apr
10:31
Vale`s accident impact concerns Brazilian steelmakers
The direct and indirect impacts of the partial reduction of Vale`s extractive mining activities due to the Brumadinho accident on 25 January have begun to affect the steel sector. So says the Brazilian steel institute Instituto Aço Brazil (IAB) in a note monitored by Kallanish. The significantly-reduced iron ore supply is creating uncertainty for steelmakers.
"The steel sector has a very high degree of dependence on the local iron ore, a market domin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous