29
Jul
12:08
Vale's Mid-East second-quarter iron ore sales shrink
Brazilian-headquartered Vale’s iron ore and pellet shipments in the Middle East in the second quarter inched down 3.6% on-year to 1.51 million tonnes. However, they soared 40% from Q1.
The region accounted for 2.06% of Vale’s 73.16mt consolidated iron ore shipments in Q2 versus 1.81% in Q1 2022 and 2.13% in Q2 2021.
Vale’s net operating revenue, including all minerals, generated in the Middle East, was down 21.…
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Very good overview of the weekly steel market.
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