China seen producing 200 mln/t of high grade iron ore in '15 -Vale CEO

miércoles 10 de junio de 2015 09:38 GYT

RIO DE JANEIRO, June 10 (Reuters) - The chief executive officer of Brazilian miner Vale said on Wednesday he expected Chinese production of higher grade iron ore to fall below 200 million tonnes this year.

Speaking to reporters on the sidelines of an event in Rio de Janeiro, CEO Murilo Ferreira said Chinese production of this higher quality iron ore had been 240 million tonnes in 2014.

The Chinese steel industry is likely to recover in the second half of 2015, Ferreira added. (Reporting by Stephen Eisenhammer and Marta Nogueira, Editing by W Simon)