13
Jun
09:33
Strong gas pipeline demand offsets weaker steel: Stalprofil
Continued demand for pipe for use in Polish gas pipeline projects offset the adverse effect on Stalprofil’s first-quarter performance of reduced European steel demand.
The Polish distributor’s consolidated revenue fell -2% on-year in Q1 to PLN 340.2 million ($90.2m) and net profit slumped -13% to PLN 7.9m due to higher sales and finance costs. The firm managed to maintain positive results, despite weakening steel market activity, thanks to the strong…
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Anonymous
Very good overview of the weekly steel market.
Anonymous