29
Jan
08:48
Atlas shipments, profitability slide but diversification on track
Australia’s Atlas Iron reports lower iron ore output in the December quarter and its costs increased. The company is now looking to move away from iron ore as its main earner, Kallanish notes.
Over October-December, Atlas processed 2.25 million wet metric tonnes of ore, -24% less than in the previous quarter. It shipped 2.09m dry metric tonnes of ore, down -26% q-o-q. The decline in mining and processing was due to the end of mining at its Abydos pits…
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Anonymous
Very good overview of the weekly steel market.
Anonymous