09
Feb
11:23
Iron ore, coal prices boost Mitsui results
Japanese trading house Mitsui & Co saw revenues decline year-on-year but profits soared in the nine-month period ending December 2016. Surging coal and iron ore prices caused an improvement in the results of its mineral and metal resources segment, leading it to increase its earnings forecast for the financial year, Kallanish notes.
The trader saw revenues drop -13.6% to JPY 3.18 trillion ($28.25 billion) over April-December 2016, while its gross profit fell…
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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