29
Aug
09:36
Atlas expects higher costs in FY 2018
Australia’s Atlas Iron saw profits surge over the financial year ending June 2017 as high iron ore prices stretched margins. It expects higher costs in the current financial year however, meaning future iron ore prices could still make or break the company, Kallanish notes.
In financial 2017 Atlas shipped 14.4 million tonnes of iron ore, down -0.7% year-on-year. Increased output at its Mt Webber operation made up for lost tonnes from Wodgina, which ceased …
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Anonymous
Very good overview of the weekly steel market.
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