03
Aug
17:16
Vale Mid-East iron ore shipments slump over April-June
Vale’s iron ore and pellet shipments in the Middle East slumped -24% on-year in the second quarter to 1.69 million tonnes. This comprised 2.06% of the Brazilian miner’s consolidated iron ore sales compared to 2.64% in the year-earlier quarter. Compared to Q1 2017 Mid-East shipments declined -11%.
Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East fell -13% on-year to $209 million in Q2. It was a…
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Very good overview of the weekly steel market.
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