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Vale - Latest news GMK Center

Photo – Vale reduced iron ore exports by 17.3% y/y in January-August 2022
Vale reduced iron ore exports by 17.3% y/y in January-August 2022

The company's sales of iron ore on the domestic market increased by 19.6% y/y

Photo – Vale reduced iron ore production by 3.7% y/y in the first half of 2022
Vale reduced iron ore production by 3.7% y/y in the first half of 2022

The production of iron ore pellets during this period increased by 9.1% y/y

Photo – Vale lowers its 2022 ore output forecast to 310-320 million tons
Vale lowers its 2022 ore output forecast to 310-320 million tons

The revision of the forecast is associated with the recent sale of the company's assets, the annual production of which amounted to 3.5 million tons

Photo – Vale cut profit by 20% in the first quarter
Vale cut profit by 20% in the first quarter

The company's revenue in January-March decreased by 13.6%

Photo – The first quarter: a record rise in the iron ore price and stability of the domestic market
The first quarter: a record rise in the iron ore price and stability of the domestic market

Despite a raw material price hike around the globe, the cost of steel products in Ukraine remained almost the same in the first quarter

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