17
Apr
02:36
Rio Tinto's Q1 iron ore shipments, production fall
Global miner Rio Tinto has reported lower iron ore production and shipments in the first quarter due to planned ore depletion and weather disruption at ports, Kallanish notes.
The firm says in a statement that its Q1 shipments of 78 million tonnes (Rio Tinto share 66.1mt) for Pilbara operations were 5% lower than the first quarter of 2023.
Lower volumes were predominantly the result of weather disruption at the ports, leading to a lower stock draw…
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Very good overview of the weekly steel market.
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