18
Jan
11:43
Rio Tinto's iron ore output declines in 2021
Rio Tinto reported increased iron ore output in the last quarter of 2021, but whole-year production declined due to rainy weather and labour shortages, Kallanish notes.
According to Rio Tinto's operations report, Pilbara Q4 iron ore production (100% basis) was 1% higher than Q3 but down 2% from Q4 2020 to 84.1 million tonnes. This contributed to full-year production of 319.7mt, down by 4% on-year. The 2021 output decline was due to above av…
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Very good overview of the weekly steel market.
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