23
Feb
15:36
Vale's Middle Eastern Q4 iron ore shipments surge
Vale’s iron ore and pellet shipments in the Middle East surged 33% on-year in the fourth quarter of 2016 to 2.8 million tonnes. This comprised 2.9% of the Brazilian miner’s consolidated sales versus 2.3% in Q4 2015.
Net operating revenue generated by iron ore and pellets in the Middle East soared 99% on-year in Q4 to $338 million, as Vale enjoyed higher sales prices. This represented 3.6% of consolidated revenue versus 3.1% in Q4 2015.
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Anonymous
Very good overview of the weekly steel market.
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