Brazilian iron ore sales expected to increase in 2020

Tuesday, 21 January 2020 00:41:51 (GMT+3)   |   Sao Paulo
       

Brazilian iron ore sales in 2020 should increase 11.1 percent, year-on-year, to an undisclosed amount, according to a media report by G1 citing consulting company Tendencias.

The consulting report said despite higher iron ore sales volumes, Brazil should also see decreased prices for the commodity in the 2020-2021 period.

Iron ore production at the nation’s northeast region, especially in the state of Pará, where miner Vale owns the Carajás mine, should continue growing, experts said.

The media report noted Brazilian iron ore production should resume levels seen before the Brumadinho incident, which impacted 42 million mt/year in the nation’s combined iron ore output.

The media report noted three Vale sites have already resumed output after the Brumadinho tragedy, which killed thus far 259 people: Brucutu mine, Vargem Grande complex (production was partially resumed) and the Alegria mine.

 


Similar articles

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

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials