Vale expected to ship more iron ore to China in 2020: China steel body

BEIJING (Reuters) – Brazil’s Vale SA expects iron ore shipments to China to rise in 2020, versus 2019, due to falling demand in other countries hurt by the coronavirus pandemic, according to a phone call between the miner and the China Iron and Steel Association.

Production at Vale has not been impacted by the pandemic and it is keeping its full-year output target unchanged, the China steel association said in a statement on its website on Tuesday.

(Reporting by Min Zhang and Tom Daly; Editing by Himani Sarkar)