11
Feb
19:02
Peabody plans on cost-cutting to weather industry downturn
St. Louis, Missouri-based metallurgical and thermal coal supplier Peabody is digging in for what it perceives as an extended steel industry downturn, Kallanish learns from the company’s 2015 earnings review and outlook.
Peabody’s total sales in 2015 were down about -17% year on year to $5.61 billion, while its reported earnings before interest, taxes and depreciation and amortisation were down -47% to $434.6 million.
Peabody attributes the drop to…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous