A machine loads iron ore into bulk carrier vessels at the Vale SA Guaiba Island Terminal in Rio de Janeiro, Brazil. (Photographer: Dado Galdieri/Bloomberg)

Vale’s Iron Ore Output Cut To Cushion Indian Steel Prices

The declaration of force majeure following the collapse of a mining-waste dam owned by Brazil’s Vale SA—one of the biggest producers of iron ore in the world—is expected to cushion Indian steel pri...