19
Apr
08:05
Vale’s first-quarter ore production falls on-quarter, pellet rises
Brazil’s Vale saw iron ore output decrease quarter-on-quarter in the first quarter, but it was higher year-on-year.
Vale’s improvement compared to Q1 2022 is mainly attributed to stronger performance at the S11D unit and lower rainfall at the Minas Gerais operations, Kallanish notes.
Vale’s 2023 target remains unchanged. The miner expects its output to reach 310-320 million tonnes this year.
Vale produced 66.77mt of iron ore in Q1, d…
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Anonymous
Very good overview of the weekly steel market.
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