28
Jul
01:00
Atlas Iron on the ropes as shares plummet
Australia’s Atlas Iron saw its share price collapse on Monday when it resumed trading after a suspension from 2 April. Since the suspension the iron ore market has further weakened and Atlas’ position has been called into question, Kallanish notes.
The lack of confidence in the company come after it has struggled to cut costs sufficiently to match lower prices. The company was forced to halt much of its production when prices were below…
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Anonymous
Very good overview of the weekly steel market.
Anonymous