22
Sep
13:14
Bowim earnings remain under pressure despite higher deliveries
Bowim’s consolidated revenue in the first half of 2023 dropped 24% on-year to PLN 1.09 billion ($252.7 million), while net profit plummeted 95% to PLN 5m.
This is despite the Polish distributor’s shipments inching up 2% to 247,085 tonnes, driven by a 7% hike in sheet sales to 99,329t and 17% jump in rebar to 40,490t.
Imports accounted for 36% of purchases in H1, a big jump from 26% a year earlier.
Costs of energy and input materials dropped by 11.6%…
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Anonymous
Very good overview of the weekly steel market.
Anonymous