21
Feb
21:16
FMG sees first-half financial performance erode year-on-year
Australian iron ore miner Fortescue Metals Group (FMG) saw shipments reduce but has again cut cash costs in the first half-year (H1) of its 2018 financial year (FY 18). Several major financial indicators also turned negative year-on-year FMG indicates in its half-year financial report monitored by Kallanish.
In its guidance for FY18, the miner still forecasts to ship 170 million tonnes of iron ore. It also expects that its C1 operating cost for the yea…
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Anonymous
Very good overview of the weekly steel market.
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