24
May
10:22
Lower prices offset Cognor Q1 shipment increase
Cognor’s profit margins continued to be squeezed in the first quarter by its blast furnace-based competitors who enjoyed a cost advantage due to low prices of iron ore and coking coal. Weak global demand also hampered profitability, Kallanish learns from the Polish steelmaker.
Thanks to a strong domestic market, the producer increased billet sales 11% on-year in Q1 to 38,676 tonnes, while finished products shipments rose 23% to 126,440t. Average …
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Anonymous
Very good overview of the weekly steel market.
Anonymous