Vale's New York shares slipped while the global iron ore benchmark firmed slightly on Chinese steel output and imports. Read the full driver analysis.
Key Facts
Global iron ore benchmark rose to US$95.17 per metric ton on Friday, a daily gain of 0.13%.
Vale’s New York shares slipped by 1.23% to US$13.63, underperforming the modestly firmer commodity.
Rio Tinto dropped sharply by 2.57% to US$95.68, outpacing Vale’s decline among global miners.
CSN Mineração bucked the trend rising 0.91% to R$5.54 on Brazil’s B3 exchange.
Iron ore steadied near US$95 on Thursday; Vale's US shares rose 2.37% while CSN Mineração fell. China's steel output is up but…
Vale's New York shares rose 0.47% to US$15.06 on Friday, while Rio Tinto fell 0.34% and CSN Mineração slipped 0.17%, on mixed…
Vale's New York shares fell 4.30% to US$13.80 and CSN Mineração sank 5.18% as China steel demand fears hit iron ore proxies on…
Vale (US$14.99) and Rio Tinto (US$97.18) rallied while CSN Mineração (US$1.01) fell, even as benchmark 62% Fe futures stayed flat…
Vale's US shares dipped 0.07% as China steel demand worries overshadowed a Brazil rate cut. CSN Mineração tumbled 5.22% on Friday.
Iron ore steadies as Vale eases with China's steel demand, the key commodity price that rarely prints on a public spot market.
