29
Aug
18:15
IMH ramps up net profit despite rising costs
Russia's Industrial Metallurgical Holding (IMH) generated a significant net profit in the first half of 2019, despite higher iron ore and third-party coking coal prices pushing up production costs, the company says.
IMH saw its net profit soar116% on-year to RUB 4.5 billion ($67.7 million) supported by additional financial income derived from the rouble's weakness. Consolidated revenue rose 8% on-year to RUB 46.5bn, amidst an increase…
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Anonymous
Very good overview of the weekly steel market.
Anonymous