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10 May
12:33

Mexico's Simec grows sales in first quarter

Mexican long steel producer Grupo Simec saw lower first-quarter profits despite higher net sales and an increase in the average sales price/tonne of approximately 7%, Kallanish learns from the company`s quarterly report. The steelmaker`s sales volumes totalled 591,000 tonnes to end-March, or 11.5% more than in the same quarter of 2018. Net sales in this period reached MXN 9.503 million ($496.5m), an increase of 19.5% y-o-y…
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