24
Apr
13:07
Grange targets restart as margins face squeeze
Australia’s Grange Resources says it is focussed on resuming mining at its North Pit, which was halted after a fatality on 17 March. The miner enjoyed healthy margins in the March quarter thanks to its premium product but wants to ship as much as possible before margins erode further, Kallanish notes.
In the March quarter, Grange’s pellet sales were down 25.62% quarter-on-quarter at 473,596 dry metric tonnes. The decline was in part due to the accide…
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Very good overview of the weekly steel market.
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