19
Oct
11:41
Arrium Q3 iron ore volumes slump but costs fall
Australia’s Arrium, formerly OneSteel, says its iron ore shipment volumes were down -20% over July-September from April-June after it closed higher-cost capacity. The weak Australian dollar and cost-cutting regime have put the company on track for survival at current prices, however, Kallanish notes.
The miner excavated no ore from its Southern Iron range in the last quarter, instead focussing on higher output at its lower cost Middleback Ranges.…
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