25 de octubre de 2016 / 14:37 / hace 10 meses

Brazil's Vale sees 50 mln tonnes of iron ore entering 2017 market

RIO DE JANEIRO, Oct 25 (Reuters) - Brazilian miner Vale SA expects 50 million tonnes of new iron ore production to enter the global market in 2017, but it should be offset by falling production in China and increased steel demand, a company executive said at a conference in Rio de Janeiro.

Paulo Salles, Vale's head of iron ore marketing for South America, said that the 50 million tonnes would be composed of 28 million tonnes from Brazil, 18 million tonnes from Australia and 4 million tonnes from India. (Reporting by Rodrigo Viga Gaier, writing by Stephen Eisenhammer)

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