German Company Opposes Vale Pricing

Bloomberg reported a German steelmaker has said it disagrees with Vale’s (SAO:VALE5) new pricing plan for iron ore.

As quoted in the market news:

Salzgitter AG (SZG), Germany’s second- biggest steelmaker, opposes a new pricing model for iron ore implemented by Vale SA, Financial Times Deutschland reported, citing Chief Executive Officer Heinz Joerg Fuhrmann.

Click here to read the full Bloomberg report.