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Vale’s iron ore output falls in Q1, coal output rises

Brazilian miner and iron ore producer Vale has announced its operational results for the first quarter of this year.

In the given quarter, the company produced 63.9 million mt of iron ore, down by six percent year on year and decreasing by 22.5 percent compared to the previous quarter, while its pellet production totaled 6.9 million mt in the first quarter, up by 10.1 percent year on year and down by 23.7 percent quarter on quarter.

In the first quarter, Vale’s sales volumes of iron ore and pellets totaled 60.6 million mt, decreasing by 7.4 percent year on year.

In the January-March period, the company’s coal production increased by 87.5 percent year on year to 2.04 million, as a result of the revamp of its facilities. In the given period, Vale’s coal sales totaled 1.8 million, up by 77.8 percent year on year.

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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.

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