26
Aug
14:53
Ostrava boosts production, profit in 2018
Liberty Ostrava posted a 30% on-year increase in net profit in 2018 to CZK 4.1 billion ($176.7 million). The firm turned to an operating profit of CZK 726m versus a loss in 2017 of CZK 2.6 billion.
The improved performance was thanks to a 22% increase in liquid steel output to 2.2 million tonnes and higher margins on account of the strong steel market in the first half of 2018. Hot metal output reached 1.9mt last year and wet coke production was 1.1mt.
O…
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Anonymous
Very good overview of the weekly steel market.
Anonymous