30
Apr
09:27
Cognor raises output, restricted imports boost margins
Cognor increased output in the first quarter amid Russia sanctions further limiting imports into the EU and aiding margins, while the Polish steelmaker is working on redirecting supply chains disrupted by the war, Kallanish notes.
Bucking the 2% crude steel production drop in Poland, Cognor raised output 4.7% on-year in Q1, with overall deliveries up 2.2%. Overall billet sales rose by 3,200 tonnes or 8% on-year and finished products by 5,500t or 4.2%, but scr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous