01
Aug
09:25
Vale reduces Mid-East sales despite output growth
Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East slumped -24% on-year in the second quarter to 1.49 million tonnes, following their -14% drop in Q1.
The Q2 tonnage was also down -44% from Q1. The region accounted for only 2.1% of Vale’s consolidated shipments in Q2 compared to 2.3% in the year-earlier quarter and 3.3% in Q1.
Vale’s consolidated net operating revenue, including all minerals, generated in th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous