23
Apr
10:47
Weather, locust outbreak hamper Kumba first-quarter deliveries
Kumba Iron Ore saw sales drop 4% on-year in the first quarter to 10.29 million tonnes, in line with expectations, but production rose 10% to 10.56mt. Guidance for 2021 has nevertheless been maintained at 40.5-41.5mt for both production and sales, Kallanish notes.
Finished stock increased to 5.3mt at end-March from 4.8mt at end-December 2020. This was the result of significantly deteriorated rail performance due to a series of operational challenges and train delay…
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Anonymous
Very good overview of the weekly steel market.
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