22
Jul
10:16
Vitkovice Steel reports three-year-high earnings despite loss
Vitkovice Steel reported a 20% on-year decline in 2020 sales to CZK 6.5 billion ($299.3 million) and posted a net loss of CZK 267m, narrowing 44%. However, this was the Czech plate maker’s best result in three years and Ebitda broke even, confirming the positive operating performance trend, the firm says.
“Demand for plate fell by more than 20% and we faced enormous pressure from cheap imports from non-European countries,” Vitkovice chief executi…
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Anonymous
Very good overview of the weekly steel market.
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