04
Mar
15:14
Cognor fears growing costs, plans capacity increase
Cognor plans new investments to raise production on the back of reduced debt and improved operational performance. However, the firm says it foresees continued increased input costs that it will struggle to pass on to customers in 2019.
In 2018 Cognor’s crude steel production rose 2.6% on-year to 695,380 tonnes, surpassing design capacity of 636,000 t/year. Semi-finished product deliveries fell -24% to 140,450t, with Ferrostal Labedy particularly affected.…
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Anonymous
Very good overview of the weekly steel market.
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