17
Jun
14:09
CMC Poland profits from Russia/Belarus steel ban
CMC Poland grew steel shipments 18% on-year in the third fiscal quarter through May (FQ3) to 476,000 short tons. Merchant and other deliveries were up 16% to 306,000st and rebar shipments up 21% to 170,000st, Kallanish notes.
Average selling price was up 46% to $967/short ton. Cost of ferrous scrap utilised was up 41% to $530/st and steel products margin was up 52% to $437/st. Net sales surged 71% to $484.6 million and adjusted Ebitda was up 142% to another record…
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Anonymous
Very good overview of the weekly steel market.
Anonymous