24
Apr
12:33
Kumba to reduce spending after first-quarter sales decline
Anglo American's Kumba Iron Ore plans an additional cost saving of ZAR 325 million ($17.2m) and capital expenditure deferral of ZAR 1 billion in 2020 in order to ensure business continuity during the Covid-19 pandemic. The firm’s first-quarter sales fell -3% on-year to 10.5 million tonnes, driven by a -51% slump in domestic deliveries.
“The situation is highly dynamic and there remains significant uncertainty about the national measures required to…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous