Vale threatens to unleash spare capacity if steel prices surge
Add BT as a preferred sourceRio de Janeiro
VALE SA has a somber message for anyone betting on iron ore prices returning to the heady days of 2011.
The world's biggest producer of the steel-making ingredient is prepared to unleash as much as 50 million tonnes of spare capacity to balance the market if prices get too high, chief executive officer Fabio Schvartsman said.
