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07 Jan
14:05

CMC Poland reduces shipments, foresees continued import pressure

CMC Poland’s shipments fell -14% on-year in the first fiscal quarter through November 2019 to 338,000 short tons. The producer anticipates conditions to remain challenging until the current overhang of imports into the EU eases. Although rebar sales surged 53% in the quarter to 122,000st, merchant and other products sales fell -31% to 216,000st. This was primarily due to the absence of opportunistic billet sales that were made during the first quarter of fis…
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