08
May
08:47
Grupo Simec’s shipments grow in first quarter
Mexican long steel producer Grupo Simec saw higher first-quarter profit despite lower net sales and a decrease in average sales price/tonne, Kallanish learns from the company’s quarterly report.
The steelmaker’s sales volumes totalled 622,000 tonnes to end-March, or 5% more than in the same quarter of 2019 and 9% more compared to Q4 2019.
Net sales in this period reached MXN 8.5 billion ($355.1 million), a decrease of -10…
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Anonymous
Very good overview of the weekly steel market.
Anonymous