20
Jan
11:50
BHPB reduces iron ore guidance following Samarco halt
BHP Billiton (BHPB) has reduced its financial year 2016 guidance for iron ore on the back of the incident at Brazilian joint venture Samarco in the December quarter of 2015. Despite this, iron ore production grew year-on-year in the first half of FY16 although metallurgical coal output dipped. Average realised prices for both iron ore and met coal plummeted, BHPB says in its HI FY16 production report monitored by Kallanish.
Total iron ore guidance for …
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Very good overview of the weekly steel market.
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