02
Feb
14:45
USSK fourth-quarter shipments, earnings rise amid lower prices
US Steel Kosice (USSK) increased shipments 43% on-year in the fourth quarter of 2023 to 1.02 million net tons. Raw steel production surged 87% to 1.1mnt, with capacity utilisation at 87% versus 47% a year earlier, Kallanish notes.
Average realised sales price fell 20% on-year to $770/net ton. Despite this, net sales grew 13% to $823m and Ebitda turned to positive $3m versus a $48m loss a year earlier. The lower sales prices were partially offset by labour and spen…
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Anonymous
Very good overview of the weekly steel market.
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