20
Apr
09:53
Vale first-quarter iron ore production falls
Brazil’s Vale saw iron ore output decrease both quarter-on-quarter and year-on-year in the first three months of this year.
Vale’s deceleration in output is mainly attributed to impacts from the forced stoppage in activities due to the heavy rains that hit Brazil between January-March, Kallanish notes. The adverse weather conditions also affected the availability of third-party purchases.
Vale’s 2022 target remains unchanged. The mine…
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Anonymous
Very good overview of the weekly steel market.
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