09
Jun
10:49
Polish distributor's earnings soar, foresees higher mill costs
Bowim saw consolidated sales fall 3% on-year in the first quarter to 127,588 tonnes, but earnings surged. The Polish distributor foresees rising costs for mills that will translate to higher prices for end-users, not all of which will be able to accept.
Revenue surged 29% to PLN 404.1 million ($110.5m). The continuation in Q1 of demand and favourable market conditions that started in Q4 2020, coupled with restricted supply, meant distributors with suffic…
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Anonymous
Very good overview of the weekly steel market.
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