Brazilian miner and iron ore producer Vale went from a net loss of $ 1.5 billion in Q4 2019 to post a net profit of $ 739 million in Q4 2020, the company said this week while releasing its quarterly results.
Vale said net revenues in Q4 2020 was $ 14.7 billion, 48.2 percent up, year-over-year. The company also saw its adjusted EBITDA in Q4 2020 rise nearly 20 percent, year-over-year, to $ 4.24 billion.
Adjusted margin EBITDA in Q4 2020 fell to 29 percent, from 35 percent in Q4 2019.
Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.
It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.
Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.
General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org
Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org
