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Shougang Hierro Peru IronOre Q3 profits fall 17.5 percent--Foundry Exhibition-The 27th China(Guangzhou) International Casting Products,foundry Industry Exhibition
10/28/2026 铸件展-铸造展会-casting expo-foundry exhibition |
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The Peruvian iron ore producer Shougang Hierro Peru (SHP) posted a net profit of $118.317 million for the thirdquarter of 2026, down 17.5 percent from the same period one year earlier.
Net sales rose 13.4 percent to $380.492 million, while production costs soared 34.1 percent to $265.413 millionAs a result, gross profit fell 16.3 percent to $115.079 million while operating profit dropped 22 percent to$87.256 million.
In the January-September 2026 period, SHP sold 15.317 million mt of iron ore, compared with 10.214 milion mt in the same period of 2025. In Q3 alone, sales volume rose 28 percent year on year to 5.578 million mt.
Shougang reports its results in Peruvian soles (PEN), with figures having been converted to PEN at 3.43 PENper US dollar.
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