02
Feb
14:57
USSK sales fall, but fourth quarter margins expand
US Steel Kosice (USSK)’s shipments fell -1% on-year in the fourth quarter of 2017 to 1.25 million net tons, Kallanish learns from parent US Steel. However, raw steel production rose 3% to 1.28mnt, taking capacity utilisation up 3 percentage points to 104%.
Average sales price in Q4 surged 31% to $634/net ton, while calculated cost rose 26% to $545/t, meaning margins expanded. In euros, prices rose only 19% to €538/nt. Net sales rose 32% to $826 millio…
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Anonymous
Very good overview of the weekly steel market.
Anonymous