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Vale Shares Jump as China Iron Ore Restocking Holds
Vale rose 2.53% on Friday as Chinese mills kept restocking iron ore despite weak steel margins. CSN Mineração and Rio Tinto also gained.
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riotimesonline.com
Timeline cronologica
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Iron Ore Wrap: Vale Rises While China Steel Falters
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 demand remains weak.
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Vale Shares Jump as China Iron Ore Restocking Holds
Vale rose 2.53% on Friday as Chinese mills kept restocking iron ore despite weak steel margins. CSN Mineração and Rio Tinto also gained.
- ·
Iron Ore Steadies: Vale Slips as China Futures Firm
Vale's New York shares fell 1.11% while China's Dalian iron ore contract firmed. Seaborne 61% fines rose to US$98.00 a tonne.