VALE is the largest South American steelmaker. It was founded in 1942 and headquartered in Rio de Janeiro, Brazil.
Image: company website
It is widely known for its logistics operations in metals and mining activities in Brazil, and is a globally recognized brand in the iron and steel industry worldwide. Vale SA is engaged in the production and export of iron ore, Iron pellets, Ferro alloys and manganese products which are the raw materials needed in making steel.
The services provided by the company can be primarily divided into four segments: Bulk Material, Basic metals, Fertilizers, and the Logistic services, Vale is known for its prudent investments in joint ventures and associate with other business entities. It also operates through its subsidiaries and affiliate entities which are situated in Brazil, Chile, Singapore, Australia, and the United States etc.
VALE is one of the largest metal products & mining companies in the world, based on its market capitalization. It is also the world’s largest producer of Nickel, iron ore and iron ore pellets. Other products of the company include manganese ore, metallurgical & thermal coal, ferroalloys, copper, platinum and other Noble metals, potash, phosphates, cobalt, and other fertilizer nutrients. The company is operating in mineral explorations in 6 countries around the globe. The company operates using large logistics systems in its business locations, which are also used in railroads, maritime terminals & ports, which help in integrating with their mining operations. In addition, the company has a mix of floating transfer stations, maritime freight assets, and distribution centers setup to support iron ore distribution worldwide. Directly and through affiliates and joint ventures, it also have investments in energy and steel businesses.
In 2015, the company has launched a new blended product in iron ore fines to better meet the market needs. The new product has become popular for its ease of transportation and substitutability. This product reduces the time to reach Asian markets and increases the company’s distribution capability by using smaller vessels.