During Q3FY17, BC Iron Ltd Operating income impacted by increased discounts
Operating income impacted by increased discounts:During Q3FY17, BC Iron Ltd (ASX: BCI) reported an EBITDA of A$4.1M from Iron Valley, impacted by declining iron ore prices and lower lump premiums. While the headline CFR 62% Fe iron ore price was high during the quarter, BC Iron’s Iron Valley EBITDA was impacted by a decline in the price premium for lump ore and an increase in quality discounts for 58-60% Fe products. In addition, March quarter shipments are largely priced on forecast June 2017 quarter iron ore prices, which are assumed to be lower than actual prices in the March quarter.
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