31
Dec
14:10
British Steel posts 2020 operating loss
British Steel posted £843.9 million ($1.14 billion) in revenue in the period from 7 November 2019 to 31 December 2020, while net profit was £295m. However, this was thanks to an exceptional gain of £410m, while operating loss was £140m.
Liquid steel production annualised for 2020 was 2.6 million tonnes, according to a British Steel filing to Companies House.
Chinese firm Jingye acquired British Steel in March 2020. It sought to mitigate th…
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Anonymous
Very good overview of the weekly steel market.
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