06
May
11:44
Vale's Mid-East sales slump to multi-year low
Vale’s iron ore and pellet shipments in the Middle East fell to a mere 276,000 tonnes in the first quarter versus over 2 million tonnes in Q4 2020 and 707,000t in Q1 2020. So says the Brazilian-headquartered miner in its first-quarter report without providing reasoning.
When asked by Kallanish to provide an explanation for the huge drop, a Vale spokesperson simply said: “The shipments were carried out following customers’ schedules and avail…
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Very good overview of the weekly steel market.
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