Arrium hits record FY shipments

Miner says market prices under pressure from tightening Chinese credit demand, increased discounting.

Arrium (ARI) has posted record full-year shipments, despite flagging concerns over market prices coming under sustained pressure from the tightening of credit in China credit and increased discounting. 

In the three months to June 30, Arrium shipped 3.16 million tonnes, which pushed full-year shipments to a record 12.5 million tonnes, a 54% increase on the previous year. Arrium also achieved record June quarter sales of 3.32 million tonnes.

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