23
Nov
15:16
Metalloinvest iron ore sales increase, but profitability sinks
Russian iron ore miner and metallics and steel producer Metalloinvest saw profitability drop in the third quarter, as steel and pig iron prices declined. It however increased iron ore products shipments due to market recovery, and expects the positive dynamic to continue, finance director Alexey Voronov says in a report seen by Kallanish.
Sales of iron ore in Q3 amounted to 2.3 million tonnes, up by 16.8% on-quarter, while nine-month-through-Septemb…
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Anonymous
Very good overview of the weekly steel market.
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