01
Aug
11:05
Rio Tinto’s iron ore steadies despite price drop
Rio Tinto released its results for the first six months of 2018 on Wednesday, reporting an increase in revenues but a fall in cash generation and almost flat underlying Ebitda. Its iron ore division however saw higher volumes almost balance out lower prices, and the division continues to book high margins, Kallanish notes.
Rio’s iron ore operations saw revenues grow 4.6% year-on-year to $9.17 billion in the first half of 2018. Ebitda was up 0.87% to $…
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Anonymous
Very good overview of the weekly steel market.
Anonymous