08
Nov
09:45
Improved spreads boost Cognor's third-quarter earnings
Poland's Cognor has reported an 11% on-year increase in revenue in the third quarter to PLN 550.67 million ($146.5m). The firm turned to a net profit of PLN 34.3m versus a loss in the year-earlier quarter of PLN 4.95m.
The improved performance was a result of the faster growth in semi-finished and finished steel prices compared to scrap prices. This widened Cognor’s spreads by PLN 290/tonne in the case of semis and PLN 430/t in the case of finished pro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous