06
Mar
11:58
Cognor expects weaker 2023 amid subdued construction demand
Cognor says it will be very difficult to repeat in 2023 the results achieved in 2022. The Polish steelmaker anticipates weak construction sector demand, at least in the first half-year. However, Ebitda or net profit are unlikely to return to pre-2021 levels.
Cognor’s finished product sales fell 20.4% on-year in 2022 to 412,975 tonnes, but billet sales grew 8% to 163,857t. Merchant scrap sales dropped 13% to 135,615t. However, revenue surged 30% to PLN 3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous