Iron ore price rises on firmer steel outlook, but trade tensions cap gains
Lower Chinese steel product inventory driven by robust exports also supported iron ore prices above $100/t.
SAO PAULO (Reuters) – Brazilian miner Vale SA should meet a net debt target of $10 billion by mid-2018, Chief Executive Officer Fabio Schvartsman said on Tuesday.
Speaking at an event in São Paulo, Schvartsman also said the recent rise in nickel prices should generate an additional $750 million in cash flow.
(Reporting by Tatiana Bautzer and Luciano Costa; editing by Diane Craft)
