24
Oct
09:26
Kumba maintains guidance despite third-quarter sales slump
South Africa-listed Kumba Iron Ore, a subsidiary of Anglo American, says it should meet 2023 guidance of 35-37 million tonnes of output and 36-38mt of sales. This is despite third-quarter sales declining 11.6% on-year and 6.2% on-quarter to 8.87mt, due to Transnet equipment failures and weather conditions at Saldanha Bay Port, Kallanish notes.
The company's Q3 iron ore output was down 2.4% on-year but up 4.5% on-quarter to 9.73mt. January-September production …
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Very good overview of the weekly steel market.
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