Key Facts
Vale ADR rose 0.47% to US$15.06 in New York, acting as a liquid proxy for seaborne iron-ore price expectations and Brazil mining risk.
Rio Tinto fell 0.34% to US$96.85, reflecting a slightly cooler read on Chinese steel demand from the Pilbara giant.
CSN Mineração dipped 0.17% to R$5.71 on Brazil’s B3, echoing pressure on domestic high-cost producers.
China’s property drag lingers but infrastructure and grid spending continue to support steel product demand, offsetting some construction weakness.
