18
Apr
14:41
Ferrexpo earnings decrease amid constraints, low ore prices
Swiss-headquartered, Ukraine-based iron ore miner and pellet producer Ferrexpo's revenue in 2023 decreased by 48% year-on-year to $652 million due to lower realisable sales resulting from logistics constraints and a decrease in average iron ore prices, the company tells Kallanish.
Ebitda was down 83% to $130m, reflecting higher costs, principally driven by lower production volumes, rising global inflation and energy prices. Net losses before taxes am…
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Anonymous
Very good overview of the weekly steel market.
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