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 Thursday, August 13, 2026.

Iron ore proxies rose on Monday, August 10, 2026, led by Vale’s New York shares. China’s latest policy promises steadied a market still rattled by steel margins

Vale's US proxy fell 3.83% on Tuesday amid a heavy sell-off on Brazil's Ibovespa, which shed 2.50%. Rio Tinto also declined, but CSN Mineração bucked the trend.

Gerdau tumbled 5.44% and CSN lost 3.71% as a weak Ibovespa session and Chinese import pressure crushed Latin American steel proxies. Ternium proved resilient. W

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 Thursday, August 13, 2026.

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.