17
Feb
08:00
FMG benefits from record half year shipments
Australian miner FMG has recorded its third highest ever net profit after tax over the six months ending 31 December 2021, the first half of its fiscal year 2022 (FY22), due to record half year iron ore shipments, Kallanish learns.
Half-year iron ore shipments rose 3% year-on-year to 93.1 million wet metric tonnes, while 118m wmt of mining volume has witnessed a rise of 9% at the same time. C1 cost reached $15.28/tonne with a surge of 20% from one year ago.
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Anonymous
Very good overview of the weekly steel market.
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