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07 Dec
13:34

Ferrum deliveries decline in third quarter

Ferrum’s sales of own-produced pipe fell -5.4% on-year in the third quarter to 29,900 tonnes. Total sales, including traded volumes, fell by 1,000t to 30,700t, Kallanish notes. Sales at the Polish pipemaker's steel structures fabrication unit soared 40% to PLN 22.63 million ($6.15m), with demand for tanks the main driver. Consolidated third-quarter sales fell -7% on-year to PLN 121.6m ($33m) and the firm turned to a net loss of PLN 3.5m versus a year-ea…
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