24
May
11:12
Pellet, DRI sales seen boosting Metalloinvest profitability
Metalloinvest's strategy to sell more iron ore pellets and direct reduced and hot-briquetted iron, rather than just concentrate will improve its profitability, according to Fitch.
Iron ore prices fell -43% on-year in 2015, while the price decline for pellets and HBI/DRI was -37% and -33% respectively. The price premium for pellets compared with concentrate also raises profitability per tonne, Fitch says.
Metalloinvest’s pellet plant commissioned las…
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