Vale maintains ’13 start-up of pellet plant

Oct 05, 2012 | 03:24 PM | Juan Weik

Tags  Vale, pellet plant, Tubarão VIII, Brazil, pellet demand, pellet premiums, Barclays Capital, Juan Weik

SÃO PAULO — Vale SA will maintain the scheduled start-up of its Tubarão VIII pellet plant in Brazil for the first half of next year despite an announcement Thursday that it would slash pellet production.

"Plant VIII is forecast for 2013, with the commissioning of works and beginning of operations (set) for the middle of next year," the company’s press office told AMM sister publication Steel First in an e-mail.....

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