Scrap availability, iron ore oversupply not a threat: Vale

Dec 03, 2013 | 11:14 AM | Ana Paula Camargo

Tags  Vale, José Carlos Martins, scrap, iron ore, Ana Paula Camargo

SÃO PAULO — Scrap availability will not be a problem for the iron ore industry over the next 10 years, and the threat has been overstated, according to Vale SA’s executive director for iron ore and strategy, José Carlos Martins.

"It will start affecting (the iron ore market) from 2023, 2024 onwards, but at a lower level than predicted," Martins told analysts during Vale Day in New York.....

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