07
Oct
01:26
Nickel Industries expects lower earnings as NPI drops
Australian miner Nickel Industries forecasts a fall in its earnings due to lower nickel pig iron (NPI) prices, Kallanish notes.
The company expects Ebitda from operations for the third quarter to be in the range of $52-55 million, which is lower than second-quarter Ebitda of $103.2m and current analysts’ forecasts.
In contrast, as with Q2, the company has seen a decrease in the NPI price in recent months and an associated decrease in the combined weighted …
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Very good overview of the weekly steel market.
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