04
Sep
14:37
Rising costs dent Stalprodukt profitability
Stalprodukt’s electrical steel segment reported a 20% on-year surge in revenue in the first half of 2019 to PLN 465 million ($118m), although segment profit dropped -16.2% to PLN 47.8m, Kallanish notes.
Electrical steel shipments rose 13.6% in H1, Stalprodukt says without providing tonnages, mainly due to the consolidation of newly-acquired GO Steel Frydek Mistek. Prices remained at levels similar to H1 2018, but margins declined due to higher en…
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Anonymous
Very good overview of the weekly steel market.
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