China Steel Demand Plateaus at a Decent Level, Vale's Boss Says [BNN Bloomberg (Canada)]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm
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Source: BNN Bloomberg
Vale SA Chief Executive Officer Eduardo Bartolomeo said Thursday during an investment conference that he sees steel demand stalled for a while because China relies on real estate, though he's expecting a move away from that industry. “The plateau means they're going to shift from real estate to manufacturing,” Bartolomeo said during a panel discussion at the FII Priority conference in Rio de Janeiro. “We see a shift from rebar, used for properties, to plates, used in manufacturing.” China's property market has been facing a protracted crisis that has dampened the pace of construction and weighed on iron ore prices for months. China is working on a series of measures that will absorb existing housing stock and stabilize markets, which could help a recovery in iron ore. Vale aims to keep demand up by serving steelmakers across the world through “mega hubs” in the Middle East, Brazil and US as part of its push to manufacture steel using higher-grade iron ore to help reduce emissio
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News
- VALE S.A. (VALE) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Vale S.A. (NYSE: VALE) had its price target lowered by analysts at Morgan Stanley from $18.00 to $15.50. They now have an "overweight" rating on the stock.MarketBeat
- Vale S.A. (NYSE: VALE) was upgraded by analysts at BNP Paribas from an "underperform" rating to a "neutral" rating.MarketBeat
- VALE S.A. (VALE) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Vale Unveils $3.3 Billion Plan to Boost Copper and Nickel Output [Financial Post (Toronto, Ontario, Canada)]Financial Post
VALE
Earnings
- 4/25/24 - Miss
VALE
Sec Filings
- 6/20/24 - Form 6-K
- 6/20/24 - Form 6-K
- 6/20/24 - Form 6-K
- VALE's page on the SEC website