Vale’s iron ore production achieved 82.0 Mt in Q118, Iron ore production1 reached 82.0 Mt in Q118, 4.2 Mt and 11.4 Mt lower than in Q117 and Q417, respectively, mainly due to management’s decision in Q217 to reduce production of lower grade ore. This reinforces the positioning of Vale as a premium producer and results in higher price realization and better margins since Q117.
Vale achieved record sales volumes for the first quarter of iron ore and pellets, reaching 84.3 Mt in Q118. In the first quarter of 2017, the volume was 77.9 Mt. Vale’s sales mix improved substantially year-on-year because of S11D’s ramp-up and the decision to progressively reduce low-grade ore production.1