26
Aug
07:41
FMG expects export rebound after record profits
Australia’s FMG has reported record profits for the financial year ended June 2019. Export volumes slipped, but it expects a rebound in the current year, as well as an increase in its Fe content, Kallanish notes.
The -1% slowdown in shipments over the financial year to 167.7 million tonnes was more than compensated by a 48% increase in realized prices to $65/tonne cfr China. C1 cash costs also increased marginally to $13.11/t from $12/t the previ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous