An 8,000-Mile Journey Spurs Vale Shift as Iron Outlook Fades

Updated on
  • Brazilian miner joins push to cut costs as China demand slows
  • Industry focusing on more efficiency rather than more output

For years, Brazil’s Vale SA fought with rival iron-ore producers in Australia to supply the fast-expanding steel industry in China by building more mines and boosting output. But slowing demand and prospects of a multiyear glut are changing the battle lines. Now, it’s all about protecting ever-narrowing profit margins.

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