Improved output: A worker at Tata Steel Port Talbot plant in south Wales. Vale sees steel production rebounding in 2024, offsetting a decline this year. — AFP
BEIJING: World’s No. 2 iron ore miner Vale SA says the outlook for China’s steel-intensive property sector is “more encouraging” despite uncertainties and reiterated its long-term view of the global steel market remains intact.
Vale sees reasons to be positive about the outlook for steel demand in spite of challenges facing its top customer, according to an investor presentation delivered by iron ore vice-president Marcello Spinelli and posted on the company’s website.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
