17
Aug
11:03
Demand recovery, higher prices give Cognor record earnings
Cognor benefited from the continued steel demand recovery and still higher prices in the second quarter. Revenue surged 57% on-year in Q2 to PLN 716.1 million ($184.5m), while net profit soared 260% to a new quarterly record of PLN 78.8m.
In the first half of 2021 the Polish steelmaker’s overall sales rose 4.3% on-year to 432,972 tonnes. Finished product sales increased 4% to 271,329t but semi-finished steel deliveries fell 17% to 79,807t. Scrap sales rose 2…
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Anonymous
Very good overview of the weekly steel market.
Anonymous