Vale's Caraj??s-origin 65% Fe iron ore is expected to be sold in 2018 at a premium of $14-15 per tonne over its 62% Fe product, ferrous minerals and coal executive officer Peter Poppinga has said.
"We are very positive [about the market], because of bullish macroeconomic indicators, rising steel demand globally and high steel prices," he told analysts during a conference call on Wednesday February 28.Poppinga also cited balanced supply and demand conditions and steel output cuts in China as favorable factors that...