12
Nov
16:16
Kumba reduces production guidance on AMSA Saldanha shutdown
Kumba Iron Ore has reduced its 2019 sales guidance to 41.5 million-42.5m tonnes from 42m-43mt following ArcelorMittal South Africa (AMSA)’s decision to wind down operations at Saldanha Works.
“Kumba will continue to assess the effect of AMSA’s strategic asset footprint review on domestic sales and will update the market in due course,” the firm says in a note seen by Kallanish. “Importantly, export sales contribute 94% towards the c…
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Anonymous
Very good overview of the weekly steel market.
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