Brazil Vale Sees 2013 Iron-ore Demand Coming from Emerging Markets

  • Wednesday, January 30, 2013
  • Source:

  • Keywords:Iron-ore
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Demand for iron-ore, the main revenue generator for Vale, will come from emerging markets, particularly China, the Brazilian miner's head of investor relations, Roberto Castello-Branco, said on Tuesday.
 
The company expects industrial production - an indication of demand for steel and its main component iron-ore - to grow by about 7% in emerging markets in 2013 but remain flat in developed countries.
 
Castello-Branco added that iron-ore stocks in China, the world's largest importer of ore, remained low.
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