Vale’s Iron Ore and Steel Exports Continue to Recover After Mining Disaster — Panjiva
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Vale’s Iron Ore and Steel Exports Continue to Recover After Mining Disaster

Brazil 379 Coronavirus 510 Materials - Metals/Mining 712 Metals - Steel 483

Vale has steadily increased its exports of iron ore from Brazil following a mining disaster earlier in 2019. Shipments likely rose 15.7% sequentially in June versus May, Panjiva data shows, and by 86.9% from April’s trough. Yet, that still represents a 25.6% year over year drop. Total Brazillian exports rose 4.3% sequentially but fell 12.8 year over year. Improved iron ore production also likely helped Brazilian exports of steel which may have risen by 9.3% year over year in 2Q after a 24.1% slump in 1Q. Shipments to the U.S. may have surged 61.5% higher, reflecting the implementation of...

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