You are here: Home > Steel News > Latest Steel News > Rio...

Rio Tinto’s iron ore output and shipments fall in H1

Wednesday, 17 July 2024 15:18:50 (GMT+3)   |   Istanbul
       

Australia-based miner Rio Tinto has announced its production results for the second quarter and first half this year.

In the second quarter of the current year, the company’s iron ore production from its Pilbara operations in Western Australia decreased by two percent year on year and rose by two percent quarter on quarter to 79.5 million mt. In the given quarter, the company’s iron ore shipments from its Pilbara operations amounted to 80.3 million mt, rising by two percent year on year and up by three percent compared to the previous quarter, with the draw-down of port stocks.

In the first half of the year, Rio Tinto’s iron ore production from its Pilbara operations decreased by two percent year on year to 157.4 million mt, while its iron ore shipments in the same period totaled 158.3 million mt, falling by two percent compared to the corresponding period of the previous year.

Rio Tinto’s Pilbara iron ore shipments in 2024 are expected to be in the range of 323-338 million mt, subject to weather impacts. The company noted that the construction of the Simandou high grade iron ore project in Guinea is advancing at pace.


Similar articles

Iron ore in China falls below $100/mt CFR again, outlook also bearish

14 Nov | Scrap & Raw Materials

Iron ore exports via Port Hedland down 6.6 percent in October from September

14 Nov | Steel News

Major steel and raw material futures prices in China – November 14, 2024 

14 Nov | Longs and Billet

US steel markets react to Trump victory, focus on higher tariffs and tax cuts likely to affect steel prices, further ...

13 Nov | Steel News

Daily iron ore prices CFR China - November 13, 2024

13 Nov | Scrap & Raw Materials

India’s JSW Steel makes winning bid for iron ore block in Goa

13 Nov | Steel News

Major steel and raw material futures prices in China – November 13, 2024 

13 Nov | Longs and Billet

Daily iron ore prices CFR China - November 12, 2024

12 Nov | Scrap & Raw Materials

India’s NMDC Limited sees 18% rise in net profit in Q2 FY 2024-25

12 Nov | Steel News

Major steel and raw material futures prices in China – November 12, 2024 

12 Nov | Longs and Billet