28
Jul
20:03
Champion Iron interprets Q2 profit drop
Champion Iron earned CAD $41.5 million ($32.3m) on sales of CAD 279.3m during the second quarter, an earnings drop of 49% on-year.
Champion cites the decreased price of iron ore, transitional and upfront expenses related to its Phase II project, and increased costs related to inflation as the three key factors for the losses.
“Additional production volumes from the Phase II project, once in commercial production, are expected to reduce transitory higher o…
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Anonymous
Very good overview of the weekly steel market.
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