27
Apr
04:15
Hyundai Steel’s Q1 earnings improve on rising sales
South Korea-based Hyundai Steel returned to profit in the first quarter of 2023, thanks to rising production and sales despite lower sales prices, according to the company’s quarterly report.
In Q1, Hyundai Steel saw steel production of 4.627 million tonnes, surging 37.3% from the December quarter but still 1.9% lower year-on-year, Kallanish notes. Within this however, EAF steel output was up 2.1% y-o-y at 2.825mt, implying that BF-BoF output drove the decre…
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Anonymous
Very good overview of the weekly steel market.
Anonymous