09
May
15:38
IDC posts first-quarter loss despite higher sales
Turkey's Izmir Demir Celik (IDC) sunk to a net loss in the first quarter, although its sales volume rose and revenue grew considerably, Kallanish notes from the long steelmaker's quarterly activity report.
Average prices of raw materials and steel products increased considerably on-year in the reviewed period and led to a notable improvement in margins, IDC says in the report. However, the continuing increase in foreign exchange rates in 2018 l…
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Anonymous
Very good overview of the weekly steel market.
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