Vale Sees Growth from China

Companhia Vale do Rio Doce, the world’s largest iron-ore producer, expects China to import 250 million metric tons of iron ore this year, 15 percent more than in 2004, as the growing Chinese economy boosts demand for steel. The company says it is boosting output, seeking to take advantage of record iron ore prices to finance investments in areas such as aluminum and coal that will help stabilize earnings when iron-ore prices decline.