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29 Apr
11:42

Simec first-quarter shipments grow sequentially

Mexican long steel producer Grupo Simec saw first-quarter revenue increase sequentially, Kallanish learns from the company’s latest report. Shipments, however, were weaker compared to the same period of last year. The steelmaker’s sales volume totalled 623,000 tonnes in Q1, up 13% over Q4 2021 but down 9% compared to a year earlier. Net sales in Q1 reached MXN 15.03 billion ($738 million), an increase of 17% on-quarter and also 13%…
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