24
Jun
11:05
Imports squeeze CMC Poland margins, rebar sales surge
Increased import tonnages squeezed CMC Poland’s profitability in the third fiscal quarter through May but continued strong non-residential construction in Poland should ensure a highly-profitable year. So says US parent CMC in a report seen by Kallanish.
CMC Poland’s Ebitda fell -25% on-year in the May quarter to $24.1 million as elevated imports compressed metal margins. The mill is nevertheless on course to earn the second-highest level of profitab…
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Anonymous
Very good overview of the weekly steel market.
Anonymous