16
Apr
10:00
Rio Tinto cuts guidance slightly
Rio Tinto has revised its 2019 production guidance lower on the back of weather disruptions and a fire in the first quarter. The revision to its guidance is only around half the 14 million tonnes of lost output it had earlier forecast however, Kallanish notes.
Over January-March 2019, shipments of Rio Tinto iron ore from the Pilbara on a 100% basis were down -14% year-on-year to 69.1mt. Robe Valley was the most affected operation, with production down -60% y-o-y…
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Anonymous
Very good overview of the weekly steel market.
Anonymous