24
Feb
00:00
Higher shipments and sales prices see Essar Steel Algoma return to profit
Canadian steelmaker Essar Steel Algoma registered a 4.7% year-on-year increase in shipments in the quarter through December to 618,538 tonnes, Kallanish learns from the company. Average realised sales returns grew 15.8%.
This boosted the firm’s net income in the quarter to CAD 26.8 million ($21.2m) versus a loss of CAD -38.6m in the year-earlier period. Lower costs also contributed positively. Ebitda for the quarter was CAD 70.6m. April-December averag…
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Anonymous
Very good overview of the weekly steel market.
Anonymous