Look for Vale to further reduce their guidance, amid Caronavirus concerns. Their guidance for CY20 has already been reduced by 30mt to 310-340 mt. Meanwhile , based on the strong operating performance year-to-date, FMG's guidance for FY20 shipments was
upgraded to 175 - 177 million tonnes.
I wouldn't be surprised if Vale reduces to 240mt for CY20, due to COVID 19 in Brazil.
Meanwhile also look for downrampers to produce wildly out of date threads with negative topic headings.
Iron ore price, page-21193
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