20
Apr
12:38
Rio Tinto's iron production declines but shipments increase
Australian miner Rio Tinto achieved a year-on-year increase in iron ore shipments in the first three months of 2021. However, the miner's output declined year-on-year due to wet weather and low availability of labour, Kallanish notes.
The company's data shows Pilbara iron ore shipments were 7% higher than the first quarter of 2020 at 77.8 million tonnes (100% basis). Production however reached only 76.4mt (100% basis), 2% lower on-…
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Anonymous
Very good overview of the weekly steel market.
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