16
Feb
02:48
South32 first-half earnings tumble on lower commodity prices
Australian miner South32 saw its profit after tax fall 34% year-on-year in its financial first half ended 31 December 2022, due to a decline in commodity prices from record levels in many markets, and higher inflation and uncontrollable costs, Kallanish notes.
The group's profit after tax plunged to $685 million from $1.03 billion a year ago, while its revenue slipped to $3.7 billion from $4 billion.
For the Illawarra metallurgical coal segmen…
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Anonymous
Very good overview of the weekly steel market.
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