18
Mar
09:36
Chile's CAP downgrades iron ore/steel shipments outlook
Chile-headquartered group CAP says it will reduce iron and steel shipments during 2020 because of the coronavirus outbreak, the company says in a note to the Chilean Commission for the Financial Market (CMF). The group, however, did not make any estimates of the effect of the impact on its performance, Kallanish notes.
"We must downgrade our projections. Both lower shipments and prices per tonne are expected. Cash generation should also fall in all of our uni…
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Anonymous
Very good overview of the weekly steel market.
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