28
Feb
12:54
Vale's Middle Eastern iron ore shipments slump
Vale’s iron ore and pellet shipments in the Middle East declined -16% on-year in the fourth quarter of 2017 to 2.35 million tonnes, although this was up 9% on Q3. Sales in this region comprised 2.5% of Vale’s consolidated sales in Q4, down from 2.9% in the year-earlier quarter.
Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East fell -11% on-year in Q4 to $301 million. It was, however, up 7% on the pr…
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Anonymous
Very good overview of the weekly steel market.
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