Chinese steel demand declining less than data suggests, says Vale executive
By Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian miner Vale SA sees declining steel demand in China, the world’s largest producer, but the situation is not as dire as some indicators suggest, the miner’s vice president of iron ore solutions told Reuters. Vale is “cautiously optimistic” about the largest global consumer of iron ore, as China’s economy has proven resilient, despite uncertainties surrounding possible stimulus measures to achieve growth […]