01
Feb
15:22
CAP Acero increases shipments but ups losses
CAP Acero, the sole Chilean integrated steelmaker, slightly increased its steel shipments in 2016 but suffered due to the lower average selling price in the market, Kallanish notes.
The company shipped 719,909 tonnes of steel products last year, up 1,000t year-on-year. Despite the minor recovery the company posted revenues down by -9% y-o-y to $403 million leading to a net loss of $19.2 million, and worsening its on-year result by more than -20%.
The ste…
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Anonymous
Very good overview of the weekly steel market.
Anonymous