13
Feb
23:03
South32 profits plummet on weak commodity prices
Australia’s South32 saw profits fall sharply in the first half of its financial year ending June 2020, due to falling commodity prices hit by the trade war and other factors, Kallanish notes.
The miner reported an underlying profit of $131 million for the six months ended 31 December 2019, down from $642m a year before. Additionally, revenue declined by -16% to $3.22 billion, compared with $3.81 billion in the same period of last yea…
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Anonymous
Very good overview of the weekly steel market.
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