Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
An ongoing “illegal blockade” at ArcelorMittal’s western Mexico site since the end of May has now held up an estimated 300,000 metric tons of steel, the company told Reuters on Monday.
Mexico’s steel chamber said in a statement that the work stoppage had a ripple effect throughout the region, as well as on supply chains in Mexico and the United States.
(By Raul Cortes; Editing by Sarah Morland)
Comments