30
Jan
11:01
Venezuela's FMO more than doubles shipment capacity
Venezuela’s state-owned Ferrominera del Orinoco (FMO) has started its new expanded loading facility at its port of Palua in the city of Guayana, Kallanish learns from President Nicolás Maduro’s announcement on Venezuelan national television.
With the launch of the new facility, FMO has more than doubled its dispatching capacity to 7.5 million tonnes/year of iron ore.
The investment of near $112 million was funded by the Joint Chin…
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Very good overview of the weekly steel market.
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