13
Apr
10:14
FMG costs rise, output falls
Australian miner FMG has said its per tonne cash costs increased on the back of bad weather in the January-March quarter. Shipped volumes meanwhile also fell slightly, but high prices have still enabled it to steadily paydown debt, Kallanish notes.
FMG’s iron ore shipments fell -6% to 39.6 million tonnes over the three months, from 42.2mt in the previous quarter and 42mt a year earlier. C1 cash costs meanwhile were down -12% year-on-year but up 4% from the…
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