27
Oct
10:22
Vale's Middle East shipments decline in Q3
Vale’s iron ore and pellet shipments in the Middle East declined -5% on-year in the third quarter to 2.27 million tonnes. This comprised 2.6% of the Brazilian miner’s consolidated sales versus 2.8% in Q3 2015.
Net operating revenue generated in the Middle East, however, rose 4% in Q3 to $236 million, representing 3.2% of consolidated revenue versus 3.5% in Q3 2015.
Vale’s Oman-based iron ore pelletising plant posted a -1% on-year d…
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Anonymous
Very good overview of the weekly steel market.
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