31
Aug
12:51
Cognor boosts earnings, warns of winter gas shortages
The European energy crisis, resulting from Russian retaliation to sanctions that is causing gas shortages, is casting doubt over whether steelmakers will have sufficient hydrocarbon supply this winter to continue operations. So says Polish steel producer Cognor.
The steelmaker posted record Ebitda and net profit for a quarter in the second quarter of PLN 234.9 million ($49.6m) and PLN 189.8m respectively. Spreads widened due to the faster growth of billet and fini…
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Anonymous
Very good overview of the weekly steel market.
Anonymous