Global iron ore BHP, Rio, FMG, Vale have successively released the production and sales data of the first quarter of 2024, from which it can be seen that the iron ore output in the first quarter of 2024 will decline slightly, mainly because the first quarter of each year is the season of frequent extreme weather overseas, and the occurrence of extreme weather often has a certain degree of impact on local iron ore shipments. Although there was a slight decrease from the previous month, it increased compared with last year, and the overall supply side this year is more sufficient.
In terms of total production:
Rio announces its iron ore production report for the first quarter of 2024, as follows:
In the first quarter of 2024, Rio's total iron ore production was 82.388 million tons, down 10.6% quarter-on-quarter and 1.4% year-on-year.
BHP announced its iron ore production report for the first quarter of 2024, which is as follows:
In the first quarter of 2024, BHP's total iron ore production was 60.299 million tons, down 6.5% quarter-on-quarter and up 2.7% year-on-year.
FMG announces its iron ore production report for the first quarter of 2024, as follows:
In the first quarter of 2024, the total output of FMG iron reservoir stone was 43.100 million tons, down 11.3% quarter-on-quarter and 6.9% year-on-year.
Vale announces its iron ore production report for the first quarter of 2024, as follows:
In the first quarter of 2024, Vale's total iron ore production was 70.837 million tons, down 20.8% quarter-on-quarter and up 6.1% year-on-year.
The total output of the four major mines in the first quarter of 2024 was 256.624 million tons, down 12.9% from the previous quarter and up 0.5% from the same period last year.
In terms of the output of various mining products:
River:
The output of PBL&SP10L in the first quarter was 23.386 million tons, down 11.1% month-on-month and up 0.8% year-on-year; PBF&SP10F output in the first quarter was 34.422 million tons, down 12.3% month-on-month and 5.8% year-on-year; Robe L's output in the first quarter was 2.894 million tons, down 3.7% month-on-month and up 35.0% year-on-year; Robe F's output in the first quarter was 5.115 million tons, down 1.0% month-on-month and up 36.5% year-on-year; HIY's output in the first quarter was 12.122 million tons, down 12.0% month-on-month and 11.3% year-on-year; IOC Concentrate produced 1.978 million tons in the first quarter, down 2.9% quarter-on-quarter and 6.4% year-on-year; IOC Pellets produced 2.542 million tonnes in the first quarter, up 9.1% quarter-on-quarter and 16.1% year-on-year.
BHP:
Newman's output in the first quarter was 1,503.2 tons, down 2.8% month-on-month and up 26.1% year-on-year; Area C's output in the first quarter was 2,492.0 tons, down 4.4% quarter-on-quarter and 1.4% year-on-year; Yandi's output in the first quarter was 443.4 tons, down 10.9% quarter-on-quarter and 10.3% year-on-year; Jimblebar's Q1 output was 1,591.3 tonnes, down 11.3% quarter-on-quarter and 4.0% year-on-year.
FMG:
FB output in the first quarter was 1,680 tons, down 20.8% month-on-month and 14.7% year-on-year; KF's output in the first quarter was 390 tons, up 2.6% month-on-month and 8.3% year-on-year; SSF's output in the first quarter was 1,750 tons, up 2.9% month-on-month and 6.7% year-on-year; FL produced 160 tons in the first quarter, down 27.3% quarter-on-quarter and 27.3% year-on-year; WPF produced 300 tons in the first quarter, down 30.2% quarter-on-quarter and 31.8% year-on-year.
Valley:
Carajas (Serra Norte and Serra Leste) produced 1,821.8 tons in the first quarter, down 36.5% month-on-month and 6.3% year-on-year; S11D's output in the first quarter was 1,771.1 tons, down 12.1% month-on-month and up 8.5% year-on-year; Itabira's output in the first quarter was 759.9 tons, down 4.8% quarter-on-quarter and up 2.2% year-on-year; Minas Centrais produced 640.8 tonnes in the first quarter, down 3.8% quarter-on-quarter and up 18.4% year-on-year; Mariana produced 555.5 tons in the first quarter, down 20.2% quarter-on-quarter and 3.4% year-on-year; Paraopeba produced 652.5 tons in the first quarter, down 25.5% quarter-on-quarter and up 50.8% year-on-year; Vargem Grande produced 882.2t in the first quarter, down 13.4% QOQ and up 9.3% y-o-y.
Overall, global iron ore shipments declined quarter-on-quarter, but were at a relatively high level compared with the same period last year, coupled with the poor resumption of steel mills in the first quarter, the demand for iron ore was weak, and the supply of iron ore in the first quarter of 2024 was relatively strong. (Lange Steel, Qi Xin)