11
Oct
20:29
Liberty sees profit uptick in US, plans upgrades
Liberty Steel US’ earnings in the first half were up significantly on-year, buoyed by the extraordinary rise in US sheet prices.
The company, a subsidiary of GFG Alliance, posted H1 earnings of $28.1 million - up $5.8m from H1 2020. Volumes also rose by 40,000 tonnes on-year, Kallanish notes.
“Pricing and margins on most steel products have been at all-time highs – HRC prices alone increased more than fourfold year on year,” the comp…
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Anonymous
Very good overview of the weekly steel market.
Anonymous