20
Feb
07:36
FMG closes price gap, prepares for Eliwana ramp-up
Australia’s FMG saw revenues and profits bottom out in the first half of its financial year ending June 2019 on the back of higher prices. It has also sharply reduced the discount earned by its products, and is preparing for more sales of higher grade fines as it boosts investment in the Eliwana mine, Kallanish notes.
FMG revenue was still down -4% to $3.54 billion in the six months to December, but that was up from $3.208 billion in the previous six month…
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Anonymous
Very good overview of the weekly steel market.
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