06
Jul
12:26
Trinecke Zelezarny posts ten-year low profit
Trinecke Zelezarny (TZ) posted a -5% on-year decline in revenue in 2019 to CZK 38.41 billion ($1.6 billion), while net profit was CZK 610 million, the lowest since the 2008/09 financial crisis. Earnings were impacted by strong competition depressing steel prices in the European market, as well as higher raw materials and energy costs.
“Last year, the European economy struggled with the effects of the US-China trade war, the influx of cheap steel from third c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous