05
Aug
13:45
Increased imports impact Moroccan longs supplier’s profit
Sonasid, Morocco’s main steelmaker and supplier of long products, has issued a profit warning regarding the first half of 2019 as US tariffs continue to affect the company’s market, Kallanish notes.
According to Sonasid, the Moroccan market in the first part of this year suffered from a rise in imports from Turkey and southern Europe, as a consequence of the US tariffs imposed last year. This, together with the persistent overcapacity in Morocco and …
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Anonymous
Very good overview of the weekly steel market.
Anonymous