Search
Close this search box.

NEWS

China stainless steel factory

Vale: Confident in the Chinese market

On the morning of December 5, Vale’s annual event “Vale Day 2023” for capital market participants was held in London, England.

Marcello Spinelli, executive vice president of Vale Iron Ore Solutions, gave a speech titled “The Growth and Quality of Iron Ore” at the event. “The resilience of China’s economy is much stronger than we expected.” Sima Sheng said, “China is already leading the global energy transformation. They are producing high-quality products such as electric vehicles, batteries, and photovoltaic products. They need more high-quality sheets. ”
In the question and answer session after the speech, Sima Sheng once again expressed his confidence in the Chinese market. He said: “China is our long-term partner. We have also carried out in-depth cooperation with China in the fields of services, mixing, mineral processing and other fields.” Sima Sheng said.
It is reported that China has been Vale’s largest market since 2006, and has been the sales destination for more than 50% of Vale’s iron ore products since 2014. Up to now, Vale has supplied more than 3 billion tons of high-quality iron ore products to China. In the first three quarters of 2023, Vale has supplied more than 125 million tons of high-quality iron ore products to China.

New Center

More Posts

Shanghai Aluminum’s supply and demand fundamentals are weakening, with aluminum prices expected to fall on July 5th.

Amid the tug-of-war between the US rate cut expectations and demand concerns, LME aluminum dropped 0.88% overnight; Shanghai aluminum’s supply and demand fundamentals are weakening, with spot consumption cautious and lacking in orders. Aluminum ingot social inventories continue to accumulate, suggesting a potential drop in aluminum prices today. The tug-of-war between US rate cut expectations

Italian flat steel prices rise on supply shortage

According to Kailan International Steel Information on June 18, due to the strikes in some steel mills in recent weeks, European steel manufacturers have accumulated a large number of unplaced orders. On the basis of weak downstream demand, supply has become even weaker, leading to an increase in the transaction price of Italian plates. The

Sustained Rebound, Consolidation

Viewpoint: The macroeconomic guidance is neutral. The sentiment in the non-ferrous metals sector has significantly eased, showing a weak rebound. On the supply side, TC (Treatment Charges) remains sluggish, and the strong reality of tight marginal supply of copper concentrates continues. The previous high copper prices attracted extensive illegal mining in Peru, and whether production

Send Us A Message

CONTACT US

Let's have a chat