24
Jul
20:24
Australian met coal leads Peabody back to black
US-based thermal and metallurgical coal supplier Peabody Energy saw significant boost in its second-quarter earnings, largely driven by revenue increases in its Australian metallurgical coal segment, Kallanish understands.
The company as a whole posted a Q2 profit of $113.7 million on revenues of $1.31 billion, up from a loss of $20.2 million on revenues of $1.26 billion in Q2 2017. Q2 2017's earnings included charges related to $115.1m in non-cash preferred…
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Anonymous
Very good overview of the weekly steel market.
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