03
Nov
10:47
Cognor earnings surge, sees scrap-based cost advantage turning
Cognor says the competitive advantage of scrap-based steelmakers over iron ore-based mills is narrowing after the Polish firm recorded a massive surge in third-quarter earnings, Kallanish notes.
The competitive advantage currently enjoyed by electric arc furnace mills over their blast furnace-oxygen converter-based counterparts could soon reverse after the gap in feedstock costs between the two routes narrowed in Q3. This would put pressure on Cognor’s profi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous