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Stock impact report

Pellet pivot: China develops taste for high-grade iron ore as coastal furnaces fire up 1:45am EDT [Reuters]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
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Company Research Source: Reuters
Pellet pivot: China develops taste for high-grade iron ore as coastal furnaces fire up - Reuters 7 Min Read BEIJING/SINGAPORE (Reuters) - China’s demand for iron ore pellets and high-quality ore is expected to accelerate in 2020 as a result of Beijing’s push to shift dozens of steel mills to coastal regions in its battle to stop smog blanketing industrial cities. Relocating plants to the coast, with stricter environmental requirements, means up to 20% of China’s more-than-a-billion-tonne annual ore demand will shift from lower- to higher-grade ores within coming years, according to industry sources and a Reuters analysis of official import and production statistics. Steel executives say the demand shift in the top ore market will mean declining purchases of low-grade supplies and greater demand for pelletised ore of a higher grade - with potentially major implications for ore exporters in Australia. “Iron ore producers who can sell pellet-feed into China will be better placed than tho Show less Read more
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