01
Sep
09:10
FMG announces record annual revenue, profit
Supported by its highest-ever annual iron ore shipments of 182.2 million tonnes in the financial year 2021 ended 30 June (FY21), Australian miner FMG has achieved all-time record-high annual revenue, earnings and cashflow, Kallanish notes from its annual results announcement.
Underlying Ebitda margin increased to 73% or $99/dry metric tonne, and total underlying Ebitda surged 96% year-on-year to $16.4 billion in FY21. Annual revenue reached $22.3 billion, up …
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Very good overview of the weekly steel market.
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