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Steel Mint

Vale's Iron Ore Production Up 11% q-o-q in CY21

09, Aug 2021
Brazilian miner Vale recorded total iron ore fines production at 75.7 million tonnes (mn t) in Q2 CY'21, up 11% as against 68 mn t in Q1 CY'21. On a yearly basis, output increased by 12% as compared to 67.6 mn t in Q2CY'20. Total pellet output was recorded at 8 mn t in Q2CY'21, up by 27% q-o-q as compared to 6.3 mn t in Q1CY'21.
Iron ore and pellets sales picked up to 74.9 mn t in Q2CY'21, up 14% as against 65.6 mn t in Q1CY'21 of which iron ore sales comprised 67.2 mn t (up 13% q-o-q) and pellet sales were at 7.6 mn t (up 22% q-o-q).