28
Jul
12:26
Vale's second-quarter Mid-East shipments, earnings fall
In the second quarter, Brazilian miner Vale’s iron ore and pellet shipments in the Middle East plummeted 23.1% on-quarter and 37% on-year to 953,000 tonnes, Kallanish understands.
Interestingly, the company's iron ore and pellet sales worldwide in Q2 totalled 74.37 million tonnes, surging 33.6% on-quarter and 1.6% on-year. Q2 pellet sales alone were 8.8mt versus 8.13mt in Q1 and 8.84mt in Q2 2022.
Vale’s consolidated net operating revenu…
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Anonymous
Very good overview of the weekly steel market.
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