As reported on this Tuesday by Brazil’s mining giant Vale, that its iron ore output have fallen by 37 percent in the first quarter of 2009, the main reason is the sharp weakening demand in the global market.
As reported by the company, its output of iron ore was 46.9 million tons in the first quarter. The number of the same period in 2008 was 74.5 million tons.
In the report of Tuesday, the company mentioned that "unprecedented weak demand conditions derived from the sharp decrease of global industrial production." Source: Yieh.com
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Thursday, April 30, 2009
09:52 |
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