11
Jul
13:36
Trinecke Zelezarny increases Czech output share, remains profitable
Trinecke Zelezarny (TZ)’s crude steel production was more or less flat on-year in 2023 at 2.42 million tonnes, raising its share in Czech output to 71%, the firm says.
This was despite global steel consumption falling for a fourth time in five years and steeply rising energy prices impacting competitiveness.
TZ’s revenue dropped 14% in 2023 to CZK 49.7 billion ($2.13 billion) but the firm still closed with a CZK 44 million profit.
Deliveries of wire …
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Very good overview of the weekly steel market.
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