Tag: global pellet market outlook

Demand weakens as mills turn to more affordable iron ore Production to halt at Sao Luis plant in Q3 amid maintenance Brazilian miner Vale has reduced its 2025 production forecast for iron ore agglomerates (pellets and briquettes) to 31-35 million tonnes (mnt), from the previous range of 38-42 mnt, driven by a subdued market. Market-driven…