As the world's top iron ore producer, CVRD, the Brazilian Mines and Energy, said iron ore prices this year, lower than expected concentration reflects further deterioration of the global economy in the form. Currently, per ton of iron ore price has dropped to 103.29 U.S. dollars / ton, decreased by nearly 3 percent over the same period last year. The fall in iron ore prices, the Vale in the second quarter net profit fell by 58.7%, for a new low since 2010.
 
Martins pointed out, executive director of CVRD, the world economic situation is not optimistic and a slowdown in China for the profound impact brought by the company is likely to continue into the next year. But he said the Chinese government has adopted a series of economic measures in the second half of this year should play a role in iron ore prices have basically bottomed out within a short time to rebound to about $ 120.



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