25
Apr
11:01
Vale’s Middle East first-quarter shipments rise
Brazilian miner Vale’s iron ore and pellet shipments in the Middle East fell 22.5% on-quarter but rose 13.5% on-year to 1.4 million tonnes in the first quarter.
The company's consolidated net operating revenue, including all minerals, in the Middle East was $266 million, down from $343m in Q4 2023 but up from $238m in Q1 2023, notes Kallanish.
In Q1, Vale posted total revenue of $8.46 billion, of which iron ore fines and pellets accounted for $5.2…
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Anonymous
Very good overview of the weekly steel market.
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