Japanese iron ore demand to surge in Q4 – Vale

Brazilian miner Vale (VALE5.SA:Quote) expects iron ore demand in Japan to reach 90 percent of pre-crisis levels in the fourth quarter, the company’s global marketing director Pedro Gutemberg said.

“Japan iron ore demand was at almost 90 percent of pre-crisis levels before the earthquake and potentially after it recovers from the earthquake it will go back to that in the fourth quarter,” he told Reuters on the sidelines of a conference.