Tag: Base metal

Chile’s Codelco copper output drops 5.3% in 2019, profits plunge – ET Auto

on March 28, 2020

Codelco said in end-of-year results it produced 1.59 million tonnes from its wholly owned mines in 2019, and that profits had fallen 17% from the previous year to $1.34 billion. SANTIAGO: Chile's state-run Codelco said on Friday output had dropped 5.3% in 2019, driving profits down sharply as the [...]

Coronavirus pandemic may impact steel makers’ performance in Q1 FY21: ICRA – ET Auto

by admin

on March 28, 2020

The key demand drivers construction and infrastructure sectors besides the automobile and capital goods sectors, continue to witness muted or negative growth due to coronavirus pandemic. New Delhi: The performance of Indian steel players is likely to be affected in the first quarter of 2020-21 due [...]

JFE to cut 13% steel capacity by March 2024, predicts record loss – ET Auto

by admin

on March 28, 2020

JEE slashed its full-year earnings forecast, predicting a record $1.75 billion in net loss. TOKYO: JFE Holdings Inc, Japan's second-biggest steelmaker, said on Friday it would cut its steel capacity by 13% by shutting a blast furnace by March 2024 due to weakening demand from manufacturers hit by [...]