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14 Aug
10:48

Moody's gives Vale a thumbs-up for 2018

Brazil`s Vale should perform well in 2018 improving quality of production and costs, amidst more stable iron ore prices. Higher steel prices meanwhile will help the Brazilian steelmakers offset milder demand in the second half of 2018, says analyst Moody`s in a report monitored by Kallanish. “Iron ore prices are anticipated to remain stable and Vale continues to show improvements in its production quality and costs. Its absolute debt levels should but…
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