11
Sep
14:23
Ferrexpo earnings decrease on weaker steel demand
Swiss-headquartered, Ukraine-based iron ore miner and pellet producer Ferrexpo's first-half revenue inched down -1% on-year to $776 million. This was due to disruption of iron ore supply, the impact of the Covid-19 pandemic and weaker steel demand, the company says.
Ebitda fell by -5% to $352m, while profit after tax dropped -8% to $250m, Kallanish notes. The firm also cut its capital investment on-year in H1 to $96m.
Ferrexpo produced 5.6…
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Anonymous
Very good overview of the weekly steel market.
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