29
May
13:27
Higher prices support Stalprodukt electrical steel earnings
Stalprodukt has maintained its forecast for an electrical steel sheet price correction in the first half of 2023 from the high base of 2022. However, the firm’s electrical steel segment earnings improved in the first quarter thanks to higher prices on-year, while tonnages shipped remained unchanged.
Segment revenue rose 10% on-year to PLN 438.3 million ($103.8m), while segment profit grew 9% to PLN 109.7m, Kallanish notes.
The firm’s profile segment m…
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Anonymous
Very good overview of the weekly steel market.
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