03
May
15:11
Cognor foresees reduced competitiveness after posting record profit
Cognor says it could reduce billet sales if the trend continues of scrap prices increasing faster than basic oxygen furnace mill feedstocks, thereby making the Polish electric arc furnace-based steelmaker less competitive.
The firm produced 2.8% on-year less crude steel in the first quarter as all its meltshops were already running at full capacity, it says without providing tonnages. Consolidated shipments fell only 0.7%.
The feedstock cost position of EAF produ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous