26
Feb
09:14
Vale increases Mid-East deliveries, sales in fourth quarter
Brazilian miner Vale’s iron ore and pellet shipments in the Middle East grew 23.1% on-quarter and 9.7% on-year to 1.81 million tonnes in the fourth quarter of 2023. However, 12-month shipments at 5.48mt were still down 5.4% from 5.79mt in 2022, notes Kallanish.
Vale’s consolidated net operating revenue, including all minerals generated in the Middle East, was $343 million in Q4, versus $271m in Q3 2023 and $317m in Q4 2022, the …
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Very good overview of the weekly steel market.
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