26
Feb
14:50
ArcelorMittal Zenica reports financial losses amid low demand
ArcelorMittal’s Zenica, Bosnia-based long steelworks reported a net loss of BAM 159 million ($88.2m) last year compared with a net profit of BAM 41m in 2022, the company tells Kallanish.
Accumulated losses in 2023 amount to BAM 201m, representing a 45% reduction in the company's capital.
According to the steelmaker, shipments were at their lowest level for the last 14 years, due to a 12% year-on-year drop in demand, and a 20% increase in the cost of el…
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Anonymous
Very good overview of the weekly steel market.
Anonymous