Comment on Vale's Ferrous Minerals EBITDA MarginVale has a fortress balance sheet. Much of their smaller competition will have to get out of the market as oversupply and cooling economic growth in China reduce margins int eh near-term. Longer term, with the addition of the Valemax ships, VALE will be able to expand margins to a more historic norm.
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Comment on Vale's Ferrous Minerals EBITDA Margin
Vale has a fortress balance sheet. Much of their smaller competition will have to get out of the market as oversupply and cooling economic growth in China reduce margins int eh near-term. Longer term, with the addition of the Valemax ships, VALE will be able to expand margins to a more historic norm.