04
Aug
11:07
Coal, iron ore boost Mitsui earnings
Japanese trading house Mitsui & Co saw it attributable profit jump 81.1% year-on-year in the three months to June 2017 to JPY 110.76 billion ($1 billion). Strong iron ore and coal prices were a key part of the improvement, Kallanish notes.
Mitsui’s equity share of iron ore, including its 5% stake in Vale and 33% stake in Rio Tinto’s Robe River mine, hit an annualised 57.4 million tonnes/year, up from 56.8m t/y a year earlier. It expects this to i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous