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May.17.2021 1USD=6.4307RMB
  SteelHome >>Raw Material>>Market Info>>International Dynamics
 
Usiminas' Iron Ore Production Down 8.2% YoY to 2.0 Mt in 1Q2021

http://en.steelhome.cn [SteelHome] 2021-04-26 16:12:50

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Operational and Sales Performance C Mining

In the 1Q21 production volume was 2.0 million tons, an 11.6% decrease compared to the 4Q20 (2.2 million tons) and 8.2% lower compared to the 1Q20 (2.2 million tons), mainly due to stoppage at one of the processing plants for equipment maintenance and higher levels of rainfall in the Southeast region.

Iron Ore sales volume reached 1.9 million tons in the 1Q21, following production volume in the quarter, 14.3% lower than the 4Q20 (2.3 million tons). When compared to the same period in 2020 (2.2 million tons), there was a 12.0% decrease.

Exports ended the 1Q21 with 9 vessels departed, the same amount in the previous quarter.

Distribution by commercial condition in the 1Q21 was 66% of exports in the CFR modality (Cost and freight) and 34% FOB (Free On Board), compared to 76% and 24% in the 4Q20, respectively.

The production and sales volumes are shown below:

Production and sales volumes

Thousand tons

1Q 2021

4Q 2020

Change

1Q 2020

Change

Production

1,983

2,242

-12%

2,159

-8%

Total Sales

1,949

2,275

-14%

2,213

-12%

Export

1,530

1,576

-3%

1,436

7%

Domestic Market -Usiminas

357

587

-39%

604

-41%

Domestic Market -Third Parties

62

111

-44%

173

-64%


(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282)
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