11,024.33 TRY BIST 100 BIST 100
4.57 CNY CNY CNY
32.97 USD USD USD
35.87 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.55 TRY Interest Interest
85.89 USD Fossil Oil Fossil Oil
31.06 USD Silver Silver
4.49 USD Copper Copper
107.83 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,553.39 TRY Gold (gr) Gold (gr)

Vale plans to increase iron ore sales outside China

Japan, Europe, India and Southeast Asia are stated as the main target destinations.

Vale plans to increase iron ore sales outside China

Speaking at a conference on Brazilian mining company Vale's 2023 performance, Marcelo Spinelli, the company's vice president of iron ore solutions, noted that the company has plans to increase sales to regions outside of China.

Japan, Europe, India and Southeast Asia are stated as the main target destinations. Spinelli stated that the iron ore market is currently tight, demand is rising and supply is shrinking, as supply from Australia is stable and India is focused on its own domestic market, while Brazil is the only alternative to increase supply.

In 2023, Brazil exported 353.13 million tons of iron ore, excluding pellets, of which 259.38 million tons were destined for China.

Pellet exports in 2023 amounted to 25 million tons, of which 680.8 thousand tons were destined for China.

Spinelli noted that there are prospects for an increase in the cost of pellets due to higher demand from the Middle East and the United States, while in Japan and Europe, he sees the potential for a recovery in demand.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Colombian iron and steel exports increase in volume but decline in value

Wednesday, July 10, 2024

ASEAN-6 region saw an increase in total scrap demand

Wednesday, July 10, 2024

New era in EU steel quotas : Türkiye hits capacity on 4 products

Thursday, July 11, 2024

Shyam Metalics and Energy announced its consolidated net profit in the 4th quarter

Thursday, July 11, 2024

Steel production on the increase in Spain!

Thursday, July 11, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now