27
Sep
13:42
FMG bemoans iron ore premia
Australia’s FMG expects the difference in realised price between its low grade products and higher grade products to narrow. It also expects to continue to control costs and pay down debt going forward, Kallanish notes.
“Using high grade ore to make rebar is like using Kobe beef to make sausages,” said Nev Power, FMG’s outgoing chief executive. FMG’s 58% ores are still priced much lower than higher Fe content ores from their Austral…
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Anonymous
Very good overview of the weekly steel market.
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