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Vale executives: we are confident in the recovery prospects of the Chinese market
Date: Jun 9th, 2020
Rio de Janeiro, June 7, Marcelo Spinelli, executive director of the ferrous metals business of vale, a Brazilian mining company, said in a written interview with Xinhua news agency that Vale is confident in the prospect of China's market recovery and will try its best to ensure that the supply of iron ore in the Chinese market is the same as that in 2019, or even higher.
Spinelli said that China's steel industry is achieving a strong recovery, and we are confident and able to continue to provide the best quality iron ore for Chinese customers.
He stressed that the impact of the epidemic on Vale's operations is controllable. Vale's iron ore guidance output this year remains unchanged, which is still the 310 million tons of paper and 330 million tons previously announced.
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