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Shares of Vale SA (NYSE: VALE), one of the world's largest iron ore producers traded at new 52-week lows on Tuesday at $5.20, down more than 5 percent. Shares of Rio Tinto plc (NYSE: RIO) also established new 52-week lows on Tuesday at $38.26 as shares were lower by more than 3 percent. BHP Billiton Limited (NYSE: BHP) traded as low as $37.86 before slightly rebounding above $38.00 per share and trading lower by 3.46 percent on the day. Iron ore producers with smaller market caps saw steeper declines on Tuesday. Cliffs Natural Resources Inc. (NYSE: CLF), a supplier of iron ore pellets to the North American steel industry saw its shares plummet more than 9 percent, establishing new 52-week lows of $3.06. Steel Prices Lowest In Over 20 Years A Reuters report on Monday stated that Chinese steel prices were trading at their lowest in more than 20 years as global demand continues to dip. The publication also cited analysts who are predicting that the "free-fall is not even close to an end." Shares of United States Steel Corporation (NYSE: X) also fell to new 52-week lows of $18.52 and were lower by more than 2 percent on the day. Similarly, shares of AK Steel Holding Corporation (NYSE: AKS) lost nearly 5 percent and traded at new 52-week lows of $3.03. See more from Benzinga © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Vale Inco est une société de production minière de nickel et de cuivre basée au Bresil. Vale Inco est productrice de nickel, de cuivre, d'or, de palladium et de platine au Canada, et détient divers projets d'exploration au Bresil, au Canada, au Perou, en Australie, en Indonesie, en Nouvelle-Caledonie et en Turquie. Ses principaux projets en production sont MCCREEDY WEST MINE et VICTORIA - INCO au Canada et ses principaux projets en exploration sont EAGLE CREEK, MEL PROJECT, B20, SHEBANDOWAN - BAND-ORE et GARSON MINE au Canada et BIG FOUR HERON - GOONGARRIE, GOONGARRIE HILL - GOONGARRIE, GOONGARRIE SOUTH - GOONGARRIE, HIGHWAY - GOONGARRIE, SCOTIA - GOONGARRIE, BORDER DOWNS et TOBY PROPERTY en Australie. |