23
Feb
13:43
Atlas Iron profits despite hedges
Australia’s Atlas Iron reports a profitable first half to the financial year ending June 2017, with guidance on shipments unchanged. It has not fully benefitted from the recent iron ore price surge however is it had been hedging against the risk of falling prices, Kallanish notes.
Atlas exported 8.09 million wet metric tons of iron ore in the six months to December 2016, up from 6.9m wmt a year earlier. That included 4.6m wmt of Atlas fines, 2.6m wmt of lu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous