11
Mar
10:47
Sonasid issues profit warning on unfavourable international market
Morocco’s main steelmaker and supplier of long products, Sonasid, has issued a profit warning regarding its 2018 results due to the unfavourable international market seen in the second half of last year.
In a statement seen by Kallanish, the company informs the market that last year it saw profit fall by almost -40% on-year due to increased input costs – specifically graphite electrodes – for EAF-based longs suppliers. It had difficulty pa…
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Anonymous
Very good overview of the weekly steel market.
Anonymous