21
Feb
11:34
Glencore ferroalloy sales decline, iron ore surges
Glencore posted a -5% on-year decline in ferroalloy – including agency – sales to 8.3 million tonnes in 2018. Revenue, however, rose 4% to $2.2 billion and adjusted Ebitda grew 2% to $670 million.
Earlier this month the firm gave a guidance of 1.69mt for own ferrochrome production in 2019, following a 3% on-year output rise in 2018 to 1.58mt (see Kallanish passim).
Ferrochrome demand was underpinned in 2018 by a strong stainless steel market. Glob…
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Anonymous
Very good overview of the weekly steel market.
Anonymous