25
Oct
10:40
Vale Mid-East pellet shipments decline in third quarter
Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East slumped -32% on-year in the third quarter to 2.44 million tonnes. However, this was up 64% from Q2.
The region accounted for 2.9% of Vale’s consolidated shipments in Q3 compared to 3.6% in the year-earlier quarter.
Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East was down -7% on-year in Q3 to $427 million. This was, …
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Anonymous
Very good overview of the weekly steel market.
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