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29 Jun
12:53

Trinecke Zelezarny sees earnings surge, production stable

Trinecke Zelezarny (TZ) reported flat crude steel production on-year in 2022 at 2.4 million tonnes, but revenue surged 32% to CZK 57.6 billion ($2.66 billion) and net profit was up 83% to CZK 2.39 billion. “Despite persistent problems in some supply and demand chains [in 2022], production has been stabilised,” TZ supervisory board chairman Tomáš Chrenek says in a note seen by Kallanish. The Czech blast furnace-based steelmaker increased iā€¦
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