02
May
14:24
Peru's SHP first-quarter shipments up, revenue falls
Peru’s sole iron ore producer, Shougang Hierro Perú (SHP), saw shipments and net profit increase in the first quarter, Kallanish learns from the company’s latest earnings report. The miner’s net sales, however, fell.
“The company’s revenue deteriorated due to the decrease in iron ore prices and growing production and freight cost in the period from January to March, despite large volumes sold,” SHP says.
SHP’s…
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Very good overview of the weekly steel market.
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