09
Sep
15:39
Covid-19 bites into Mesabi Trust royalties, dependent shipments
Royalty trust Mesabi Trust reports decreased earnings and shipments from its affiliated Babbitt, Minnesota, mine tied to decreased demand from miner and pellet consumer Cleveland-Cliffs, Kallanish learns from the company’s quarterly earnings report.
No ore pellets were produced by Cleveland subsidiary Northshore from Mesabi Trust Lands in the quarter ended 31 July, while inventory shipments totaled 973,744 short tons. In Q2 2019, Northshore produced 1.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous