30
Jul
06:53
Vale's Middle East sales recover in second quarter
Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East fell -23% on-year in the second quarter to 1.14 million tonnes, but they rebounded from only 707,000t in Q1.
The region accounted for 1.85% of Vale’s consolidated iron ore shipments in Q2, down from 2.1% in Q2 2019 but up from 1.2% in Q1 2020.
Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East was down -29% on-year in Q2 t…
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Anonymous
Very good overview of the weekly steel market.
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