29
Jul
12:17
AMSA posts decade-high earnings, foresees second half-year improvement
ArcelorMittal South Africa (AMSA) expects second half-year performance to improve still further on a strong H1, given domestic GDP growth forecasts, Kallanish notes.
The company’s average H1 capacity utilisation, excluding the Saldanha works, increased to 59%, with liquid steel production up 36% on-year to 1.5 million tonnes. Sales increased 10% to 1.3mt. Domestic shipments surged 21% but seaborne exports slumped 39% as volumes were reallocated to Africa Ove…
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Anonymous
Very good overview of the weekly steel market.
Anonymous