29
Apr
14:27
Vale's Middle East shipments plunge in first quarter
Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East plummeted to only 707,000 tonnes in the first quarter, down -69% on-year and -65% from Q4 2019.
The region accounted for only 1.2% of Vale’s consolidated iron ore shipments in Q1, down from 3.3% in Q1 2019 and 2.3% in Q4 2019.
Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East was down -70% on-year in Q1 to $108 million. T…
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Anonymous
Very good overview of the weekly steel market.
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