09
Mar
15:15
Stalprodukt earnings fall despite increased electrical sheet shipments
Stalprodukt’s electrical sheet segment deliveries rose 8.5% on-year in the fourth quarter of 2019, but lower sales prices meant revenue fell -1.72% to PLN 198.97 million ($52.8m), the firm says without providing tonnages. Customers continue to put pressure on prices as a result of global steel overcapacity, the Polish company adds.
Electrical sheet margins narrowed in Q4 as a result of the downward correction in prices and increased costs, such as energ…
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Anonymous
Very good overview of the weekly steel market.
Anonymous