[Ferro-alloys.com] It is reported that Brazil's Vale announced to cut its iron ore production cost below to US$13/ton before 2018, due to iron ore market prices continued to fall so far. It is understood that Vale planned to focus on high quality raw materials in near future.
Meanwhile, the iron ore prices could drop below to US$50/ton in the next two years, due to global overproduction and falling steel demand in China.
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- [Editor:Chen Lian Hai]