Cybersecurity
Vale Says China Proving Pessimists Wrong on Steel Output
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Vale SA, the biggest iron-ore producer, forecast a 10 percent increase in steel output this year in China, the world's largest steelmaker.
China probably will produce 780 million metric tons of steel this year compared with 683 million tons two years ago, underpinning a favorable view on the world’s largest emerging market, Chief Executive Officer Murilo Ferreira said today.