18
May
10:07
No supercycle for iron ore, says Vale ceo
Iron ore is not starting a new supercycle, according to Vale chief executive Eduardo Bartolomeo. In a Financial Times interview, the ceo estimates that demand will level off in two years.
Bartolomeo says the recent record high in iron ore prices is very different from the boom seen in the early 2000s, which was motivated by China's accelerated industrialisation.
“In the last supercycle, we had a strong growing construction activity in China,&r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous