29
May
18:28
Imports squeeze Konsorcjum Stali margins, sales forecast optimistic
Konsorcjum Stali (KS) reported an -8% on-year decline in revenue in the first quarter to PLN 425.7 million ($110.3m), while net profit plummeted -90% to PLN 1.1m, Kallanish learns from the top-three Polish distributor.
Although the quarter occurred in winter, during which selling activity usually quietens, it was characterised by good demand, KS observes. However, due to high stocks partly on account of increased influence from imports, transaction prices declin…
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Anonymous
Very good overview of the weekly steel market.
Anonymous