Iron and Steel

Brazil: Vale Achieves Highest Ever Iron Ore & Pellet Production in Q3 CY18

Brazil: Vale Achieves Highest Ever Iron Ore & Pellet Production in Q3 CY18
Mining News Pro - Vale- world`s largest iron ore producer witnessed sharp increase in Q3 CY`18 iron ore production. The production recorded at 104.95 MnT, up 8% Q-o-Q as against Q2 CY`18 at 96.8 MnT. On yearly basis, the production recorded 10% increase as compared to 95.1 MnT in Q3 Y17.
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According to Mining News Pro -Pellet production climbs 8%

The ramp-up of Tubarao I and II pellet plant, along with restart at Tubarao IV post maintenance shut resulted in increased Q3 pellet production. The production reached 13.9 MnT , up 8% as against 12.84 MnT in last quarter. On yearly basis too, the production increased 9% as against 12.77 MnT in Q3 CY17.

The company’s Sao Luis pellet restarted in Q3 CY18, expected to support production for Q4 CY18.

Iron ore & pellet sales also hit record high

Vale recorded iron ore & pellet sales at 98.2 MnT in third quarter CY`18, up 14% as against 86.52 MnT in Q2 CY18. The quarterly iron ore sales by the company recorded at 83.98 MnT in third quarter CY`18, up 15% Q-o-Q as against 73.29 MnT in Q2 CY’18. Also, on yearly basis the sales increased compared to Q3 CY`17 at 76.79 MnT .

The Pellet sales in Q3 CY`18 witnessed by the company at 14.25 MnT, up 8% as compared to 13.23 MnT in last quarter. Also, on yearly premises pellet sales recorded 8% growth compared to Q3 CY`17 at 13.14 MnT.

Increased share of high grade ore

The increase in sales is attributed to improvement in product quality. On average, the company improved the product quality to Fe 64%, 1.2% Al, and 3.9% Si in Q3 CY’18 as against being Fe 63.8%, 1.3% Al & 4.2% Si in Q2 CY18. The share of premium products (pellets, Carajás, BRBF, pellet feed and sinter feed low alumina) increased to 79% in Q3 CY18

Vale production guidance for FY`18 remains Unchanged

Vale iron ore production guidance for 2018 remains unchanged at around 390 MnT and also reaffirms 2019 guidance at 400 MnT.

The company reaffirms pellet production guidance at 55 MnT for 2018 and 60 MnT for 2019.

Iron Ore Production:

Production

Q3 CY`18

Q2 CY`18

Q-o-Q (%)

Northern System

53.92

46.21

17%

Northern and Eastern ranges

37.78

31.89

18%

S11D

16.14

14.32

13%

Southeastern System

28.02

27.63

1%

Itabira

10.93

10.5

4%

Minas Centrais

9.71

9.37

4%

Mariana

7.38

7.76

-5%

Southern System

22.38

22.24

1%

Paraopeba

7.27

7.21

1%

Vargem Grande

5.78

5.8

0%

Minas Itabirito

9.33

9.24

1%

Midwestern System

0.63

0.67

-6%

Corumbá

0.63

0.67

-6%

Total

104.95

96.76

8%


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