12
Nov
08:24
Vale lowers guidance for iron ore/pellet sales outlook
Brazil’s Vale says that it has revised its expectations downwards for total iron ore and pellet sales volumes in 2019. This happens for the second time this year and is a result of January's dam collapse in Brumadinho and the consequent reduction in the miner’s output, Kallanish notes.
Vale will not achieve its previously-announced target of between 307-332 million tonnes of sales. The new outlook is for these to be …
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Very good overview of the weekly steel market.
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