Vale to temporarily halt iron ore production at three Brazilian plants

Friday, 05 October 2012 01:05:46 (GMT+3)   |  
       

On Thursday, Vale said that it would be suspending operations at three of its iron ore pellet plants in Brazil. Vale said that less pellet production will be substituted with increased production of sinter feed due to "a change in the composition of steel industry demand for raw materials throughout the cycle, where there is a contraction in pellet consumption in favor of greater use of sinter feed."

Vale will temporarily halt operations at the São Luís (Maranhão state) and Tubarão I and II (Espírito Santo state) pellet plants, starting from October 8 and November 13, 2012, respectively. The aforementioned plants were responsible for the production of 4.926 million metric tons of pellets during the first half of 2012, accounting for 18.3 percent of Vale's total. Employees at these plants will be reassigned to other operational activities at Vale.


 


Similar articles

Major steel and raw material futures prices in China - March 29, 2024

29 Mar | Longs and Billet

Iron ore prices drop by over $9/mt week on week, mood remains bad

28 Mar | Scrap & Raw Materials

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News