Vale foresees steadier, but lower iron ore pricing

摘要

The signs are of less volatility in both demand and prices for iron ore during the rest of the year, according to Jose Carlos Martins, commercial director of Vale. After a year with saw much volatility, especially in the latter part, prices averaged $130/t in 2012. Now, they are closing the first two months of this year in the Chinese spot market at $150/t, he said at a press conference in Rio de Janeiro after the company released its financial results for last year.