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Mining giant Vale bullish on China steel use

Its view contrasts with a rising number of global banks which see demand, price dips

DEMAND SITUATION: Further urbanisation, infrastructure projects and property development growth in China expected to underpin demand for iron ore, steel, copper and other base metals.


VALE SA is pushing back against claims that steel consumption in China has peaked, saying demand in the world's top user has some way to go before it tops out in a view that contrasts with a rising number of global banks.

"China's steel consumption peak is still ahead of us...

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