20
Oct
09:56
FMG cost cutting continues in Q3
Australia’s FMG shipped a little more iron ore in the September quarter while continuing to cut costs. Delivery of its first very large ore carrier (VLOC) next month and further debt repayments are meant to keep costs under control, Kallanish notes.
Over July-September FMG mined 49.5 million wet metric tons of iron ore, up 4% from the previous quarter and up 10% year-on-year. It shipped a total of 43.8m wmt of ore over the same period, up 1% q-o-q and 5% y…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous