10
Jun
14:22
Costlier ore mitigates Itabira stoppage impact: Moody's
The suspension of activity at Vale’s Itabira iron ore complex is credit negative for the company’s operational stability, Moody’s tells Kallanish. The agency says the miner’s ability to maintain its production levels is a major risk following the Brumadinho accident, since it affects its cash flow and ultimately its long-term credit quality.
“The setback on production, however, supports iron ore prices, which are trading near or above…
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Anonymous
Very good overview of the weekly steel market.
Anonymous