08
Nov
10:23
USSK anticipates unfavourable inventory revaluation, increases third-quarter shipments
US Steel says it expects its Slovakian plant (USSK)’s earnings to decrease primarily due to inventory revaluation adjustments related to raw material price volatility.
USSK’s shipments rose 3% on-year in the third quarter to 1.1 million net tons. Raw steel production capacity utilisation fell 2 percentage points to 96% however, resulting in a -2% drop in output to 1.21m nt.
The firm’s average sales price was up 5% in dollar terms to $66…
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Anonymous
Very good overview of the weekly steel market.
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