(Corrects headline to say shipments rose, not output) (Reuters) – Rio Tinto reported a 13% sequential rise in second-quarter iron ore shipments on Wednesday, rebounding from extreme weather-related disruptions earlier this year. The world’s largest iron ore producer shipped 79.9 million metric tonnes (Mt) of the steel-making commodity from its Pilbara operations in the three […]
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Rio Tinto’s second-quarter iron ore shipments rise 13% sequentially
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(Corrects headline to say shipments rose, not output)
(Reuters) – Rio Tinto reported a 13% sequential rise in second-quarter iron ore shipments on Wednesday, rebounding from extreme weather-related disruptions earlier this year.
The world’s largest iron ore producer shipped 79.9 million metric tonnes (Mt) of the steel-making commodity from its Pilbara operations in the three months ended June 30, up from 70.7 Mt shipped in the March quarter.
That missed a Visible Alpha consensus estimate of 81.98 Mt.
(Reporting by Roshan Thomas and Shivangi Lahiri in Bengaluru; Editing by Devika Syamnath)