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[Ferro-Alloys.com] Vale plans to produce 49 million tonnes of iron ore pellet in 2020 by gradually restarting idled capacity throughout next year, the company's ferrous and coal director, Marcelo Spinelli, said this week.
During the first half of 2020, the company will focus more on replenishing Chinese stocks of Brazilian Blend Fines (BRBF), which the company regards as the strategic basis for iron ore use in China, Spinelli said at Vale’s annual investors event at the New York Stock Exchange on Monday December 2.
The company is also on track to offer more pellet feed to customers in China, a market it estimates at around 30 million tonnes per year as pelletizing plants expand their capacity in the coming years, he added.
“We don’t sell many pellets to China, [because] it is not a premium market, and we usually go to the Middle East, Europe, Japan,” Spinelli said. (Metalbulletin)
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