23
Feb
08:49
Anglo American expects lower Brazilian iron ore output
UK-headquartered miner Anglo American has lowered its annual production target for Brazil for 2018, Kallanish learns from the from the company’s quarterly financial report.
The miner says that it has downgraded its previous 2018 production forecast by 2-3 million tonnes due to lower iron ore grades at its mine in the Minas-Rio System in Minas Gerais. Anglo American’s new outlook is for iron production to reach 13-15mt in Brazil this year.
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Very good overview of the weekly steel market.
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