23
Mar
16:46
Raspadskaya's revenue, profit fall on lower fourth-quarter prices
Russian coking coal miner Raspadskaya's revenue declined in 2019 by -8% on-year to $996 million, with profitability down 6.3 percentage points to 48%, Kallanish learns from the Evraz subsidiary.
Raspadskaya's profit more than halved at $208 million, down from $448m in 2018, despite increased sales by 6% on-year to 9.8 million tonnes. While most of 2019 saw a third consecutive year of stable, high coking coal prices, the pricing environment deteriorate…
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Anonymous
Very good overview of the weekly steel market.
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