13
Feb
11:20
AMSA's 2019 sales decline, foresees margin "...normalisation"
ArcelorMittal South Africa (AMSA) says “…elements of normalisation are becoming evident” after a period of tightly squeezed international margins. However, expected low domestic steel industry growth in 2020 will require “…immediate interventions.”
In 2019 the firm posted an -8% on-year reduction in sales to 4.1 million tonnes, due mainly to an -11% drop in domestic deliveries. Although long product sales rose by 60,000t, flat…
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Anonymous
Very good overview of the weekly steel market.
Anonymous