Iron ore fines output at Brazil-based miner Vale fell by 18.2% year on year in the first quarter of 2020, while the company has cut its guidance of iron ore and pellet production for 2020, the company said on Friday April 17.
Iron ore fines production came to 59.6 million tonnes in the January-March period, down from 72.87 million tonnes the year before, and just below the company's revised guidance for the quarter of 63-68 million tonnes, it said.Subsequent to the decline in its first-quarter production and negative operational consequences of the Covid-19 pandemic, Vale...