22
Jul
09:36
Vale could revise down annual production target: analysts
Brazil’s Vale may not meet its 2020 iron ore production target, according to market analysts. Despite improving performance in the second quarter, the miner needs to accelerate its output towards the end of the year, while depending on the resumption of its halted operations, Kallanish notes.
Vale maintains its guidance for iron ore production in 2020 unchanged at 310-330 million tonnes but says the volume will likely be at the lower end of the projection. S…
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Anonymous
Very good overview of the weekly steel market.
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