19
Aug
01:00
Impairment/restructuring charges, iron ore price fall hit Arrium FY15 results
Australian mining and steel conglomerate Arrium Limited has seen its financial year 2015 operating results heavily affected by the fall in the seaborne iron ore price. Significant asset impairment and restructuring costs also took their toll as the company posted a heavy statutory net loss. On a more positive note Arrium Steel generated positive Ebitda, saw costs lower, and witnessed a construction market pick-up in Australia, Kallanish notes.
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Anonymous
Very good overview of the weekly steel market.
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