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25 Nov

Bowim's shipments fall, costs dent profitability

Bowim’s sales fell in the nine months through September as the market deterioration from the second quarter hit business. Higher prices boosted revenue but increased costs dented profitability, Kallanish learns from the Polish distributor. Consolidated steel sales dropped 5% on-year in January-September to 385,238 tonnes. Although sheet sales fell only 1% to 148,390t, pipe and tube deliveries dropped 6% to 69,894t and rebar sales plunged 23% to 50,942t. Sect…
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