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02 Mar
09:14

Grupo Simec`s sales volumes grow in 2019, profit falls

Mexican long steel producer Grupo Simec increased its sales volumes year-on-year in 2019, The company, however, saw its profit fall, while the average sales price/tonne decreased by -9% y-o-y, Kallanish learns from the company’s quarterly report. "The current domestic and global economic situation has generated a drastic contraction in the demand for steel products, a significant restriction of credit and liquidity as well as devaluation of the Mexican …
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