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Vale Iron Ore Output Trails Forecast on Serra Norte Challenges
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Vale Iron Ore Output Trails Forecast on Serra Norte Challenges Vale SA’s iron ore production fell short of estimates in the third quarter as the world’s largest producer of the steelmaking ingredient faced challenges at a mine in northern Brazil. Iron ore output totaled 88.35 million metric tons in the three months through September, below the 91.64 million-ton average estimate and down about 6% from a year earlier.
Vale Iron Ore Output Trails Forecast on Serra Norte Challenges
Vale SA’s iron ore production fell short of estimates in the third quarter as the world’s largest producer of the steelmaking ingredient faced challenges at a mine in northern Brazil.
Iron ore output totaled 88.35 million metric tons in the three months through September, below the 91.64 million-ton average estimate and down about 6% from a year earlier.