19
Mar
04:41
Delong Nickel expects losses for 2023
Indonesia Delong Nickel expects to report losses of CNY 1.8-2.2 billion ($250-306 million) in 2023 due to the huge loss in Q4.
The worsening surplus in ferronickel markets last year and growing costs in O4 accounted for the loss, according to the announcement from its shareholder China First Heavy Industries, Kallanish notes.
The International Nickel Study Group (INSG) has forecast nickel surpluses to grow from 2022 to 2024 (see Kallanish passim). Nickel pig iron…
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Anonymous
Very good overview of the weekly steel market.
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