26
Feb
11:22
Vale's Mid-East sales slump despite fourth-quarter rebound
Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East in the fourth quarter rose 2% on-year 2.06 million tonnes. They were also up 28% from Q3.
The region accounted for 2.26% of Vale’s consolidated iron ore shipments in Q4 versus 2.27% in Q4 2019 and 2.18% in Q3 2020.
Vale’s consolidated net operating revenue, including all minerals, generated in the Middle East was up 41% on-year and 40% on-quarter in Q4 to $348 millio…
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Anonymous
Very good overview of the weekly steel market.
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