29
Oct
11:41
Vale's Mid-East sales fall despite firm Oman output
Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East slumped -34% on-year in the third quarter to 1.62 million tonnes. This was, however, up from 1.14mt in Q2.
The region accounted for 2.18% of Vale’s consolidated iron ore shipments in Q3, down from 2.86% in Q3 2019 but up from 1.85% in Q2 2020.
Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East was down -42% on-year in Q3 t…
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Anonymous
Very good overview of the weekly steel market.
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