09
Oct
15:35
Polish pipemaker increases shipments, returns to profit
Ferrum increased pipe and profile sales 54% on-year in the first half of 2019 to 60,800 tonnes, while fabricated products and services sales fell -8.4% to PLN 34.7million ($9.5m).
Consolidated revenue rose 42% on-year in H1 to PLN 231.04m ($58.7m), but net profit plummeted -92% to PLN 205,000.
Over 59% of pipe segment sales were generated in the domestic Polish market, with the balance going to EU nations such as Germany, Slovakia, Austria and Finland. Izosta…
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Anonymous
Very good overview of the weekly steel market.
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