21
Apr
01:00
Arrium fights to cut mining costs
Australia’s Arrium, formerly OneSteel, says it is continuing to cut costs in the face of lower iron ore prices. Its stated average costs and realised prices show it likely lost money over the first three months of the year however, Kallanish notes.
Arrium says its cash costs over January-March were AUS 48.2/wet metric tonne loaded ship, or AUS 66.9/dry metric tonne in total, up AUS 2.5/wmt and down AUS $3.3/dmt respectively. Average realised prices ove…
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Anonymous
Very good overview of the weekly steel market.
Anonymous