27
Jan
15:08
Trinecke Zelezarny prepares reduced investments amid tough market
Trinecke Zelezarny (TZ) plans to produce 2.64 million tonnes of crude steel in 2020. Output in 2019 fell -3% on-year to 2.5mt due to a decline in demand. The Czech steelmaker says in a note seen by Kallanish that it is “…preparing for a difficult year,” after reducing investment spending on account of the tough market.
“Last year's decline in demand and the downward pressure on product prices had a negative impact on the preparation of…
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Anonymous
Very good overview of the weekly steel market.
Anonymous