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Stock impact report

Vale iron ore strategy targets India [Yahoo! Finance]

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
US:NYSE Investor Relations: vale.com/en/investors/pages/default.aspx
Company Research Source: Yahoo! Finance
The company expects higher sales to India and other Asian markets to compensate for sluggish demand in China, where steel output has plateaued at roughly one billion tonnes per year and may decline in the coming years, reported Reuters Vale CEO Gustavo Pimenta was quoted by Reuters as saying: “India has 1.6 billion people, has surpassed China, and needs massive infrastructure investments, which means a lot of steel.” He added that India's steelmaking capacity could increase to around 300 million tonnes (mt) over the next five to seven years. Pimenta further said that Vale's high-grade ore blends effectively with India's lower-quality supply, a combination that could benefit both markets. “We bring quality to the Indian mix. As steel output doubles, we see a big growth opportunity,” said Pimenta. India is projected to import around 10mt of Vale's ore in 2025, up from almost none in previous years, although this remains a small fraction of Vale's sales to China, which account Show less Read more
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