19
Feb
17:53
Glencore iron ore sales fall, nickel market balanced
Glencore’s iron ore sales fell -18% on-year in 2019 to 65.5 million tonnes, with iron ore adjusted Ebitda turning to negative $3 million from positive $1m a year earlier, Kallanish notes.
Supply disruptions, primarily the Brumadinho dam failure, affected the market throughout 2019. High-grade premiums reduced significantly in the first half of the year as steel margins decreased on higher iron ore prices. However, once prices began to fall, and with the Chin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous