17
Mar
13:52
European demand, profitability improves: US Steel
US Steel says European demand has improved and the region returned to positive Ebitda in February. It is also expected to deliver positive Ebitda in March, Kallanish notes.
The European segment’s adjusted Ebitda will still likely be negative in the first quarter but better than forecast in the previous earnings call in February.
“Market prices are improving, reflecting increased demand and lower import activity,” US Steel says of Europe in …
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Anonymous
Very good overview of the weekly steel market.
Anonymous