31
Oct
11:04
Stoppages, energy hurt Cognor, higher prices boost profitability
Cognor saw crude steel production plummet 25% on-year in the third quarter due mainly to longer-than-usual maintenance stoppages, which were timed to coincide with weakening demand, the firm says.
Product spreads improved thanks to higher average billet and finished steel sales prices, while scrap prices declined. Higher energy and other input costs however hampered profitability, Kallanish notes.
The electric arc furnace/blast furnace cost competitiveness trend…
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Anonymous
Very good overview of the weekly steel market.
Anonymous