Mining company, OM Holdings (ASX:OMH) has reported over 765 thousand tones of ores and alloys were transacted in the June quarter, representing a quarter-on-quarter decrease of 17.5 per cent.
Meantime, world crude steel production for the quarter was 454 million tones, a 6.2 per cent increase compared to the prior corresponding period.
China’s crude steel production increased by 9.1 per cent higher when compared to the same time last year.
Om Holdings says significant surplus operating cash flows during the current quarter facilitated accelerated repayment of loans of US$21.6 million, with the balance of the restructured loans fully repaid in June.
Shares in OM Holdings (ASX:OMH) closed up 0.8 per cent to $1.26 on Friday