23
Oct
08:51
Kumba nears guidance as exports lift third-quarter sales
Kumba Iron Ore says it should meet 2020 guidance of 37-39 million tonnes of output and 38-40mt of sales after third-quarter sales rose 7% on-year to 10.9mt, driven by Transnet’s logistical capacity recovery.
Finished stock levels of 5.3mt at end-September reflect a drawdown from 6.2mt at end-June. Taking into account the higher levels of finished stock in Q2 due to Covid-19-related logistical constraints, and the annual rail and port maintenance taking place…
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Anonymous
Very good overview of the weekly steel market.
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