21
Jul
16:00
Vale second quarter iron ore output falls year-on-year
Brazil’s Vale saw lower year-on-year iron ore output it says in its second quarter 2016 production report sent to Kallanish. It did however produce more iron ore than in Q1 2016 but pellet output fell both y-o-y and quarter-on-quarter.
Vale assesses its annual production as being at the lower end of the 340-350 million tonnes guidance range for 2016. This is based on the miner’s policy of margin optimisation, actual production in the first half of 20…
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Very good overview of the weekly steel market.
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