Iron ore shipments from Chilean iron ore and steel producer Compa???-a de Acero del Pac?-fico (CAP) fell by 13.20% in 2018, compared with the previous year, due to logistics problems.
Shipments from CAP's 75%-owned mining subsidiary, Compa???-a Minera del Pac?-fico (CMP), reached 14 million tonnes last year, compared with 16.14 million tonnes in 2017, CAP said late last week.The effect of the lower volumes was to offset an increase of 3.90% year-on-year in average iron ore prices, which were $72.80 per tonne in 2018."The increase in prices is explained by a growth in the...