Brazilian mining giant Vale has announced that it exported 17.73 million mt of iron ore to China in the first quarter of the current year, up 10 percent year on year. The value of Vale's iron ore exports to China in the first quarter amounted to BRL 910 million ($560 million), constituting about 29.5 percent of Vale's total sales revenue in the quarter in question.
Vale said that iron ore demand from Chinese iron and steel enterprises remained robust in the first quarter and that it benefited tremendously from this demand.