18
Apr
12:47
Atlas reports higher costs in March quarter
Australia’s Atlas Iron has reported a fall in volumes and an increase in costs over the January-March quarter. It has still set aside AUD 20 million ($15m) for its Corunna Downs expansion project however, Kallanish notes.
The company shipped 3.2 million wet metric tons of iron ore in the first quarter of 2017, down from 4m wmt in the December quarter. The decline was due in part to the slowdown in output from its Wodgina mine, where Atlas ended mining on 6…
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Anonymous
Very good overview of the weekly steel market.
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