04
Jun
11:35
Stalprodukt electrical steel sales surge, margins remain squeezed
Stalprodukt’s electrical sheet segment recorded a 38% on-year surge in revenue in the first quarter to PLN 231.35 million ($60.8m), while segment profit rose 26% to PLN 22.4m.
Exports comprised 93% of sales versus 76% in Q1 2018, Kallanish notes. Volumes sold rose 38% and were up 16.6% versus Q4 2018, the firm says without specifying tonnages. A significant reason for the higher sales is the consolidation of the firm’s Czech-based Frydek Mistek plant…
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Anonymous
Very good overview of the weekly steel market.
Anonymous