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