28
Apr
23:31
Vale posts Q1 Ebitda hike for ferrous segment
Brazil’s Vale says that Ebitda from its ferrous minerals business segment increased by 23% quarter-on-quarter in the first three months of 2016. This was due to a combination of higher realised prices for iron ore, stable C1 cash costs and lower freight expenses.
Adjusted Ebitda for the ferrous segment was $1.738 billion in Q116, $329 million higher than the $1.409 billion achieved in Q415. This was mainly as a result of higher realised sales prices f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous