29
Oct
13:58
Ahmsa reports Q3 revenue fall due to cheap Chinese imports
Steelmaker Altos Hornos de Mexico (Ahmsa) reported a -7.5% year-on-year drop in revenue in the third quarter of 2015, while its sales volumes fell by -1.5%, Kallanish learns from a company stock exchange filing.
According to the company, increased imports from China resulted in a -40% contraction of average steel product prices in Q3. Due to the difficult market environment, the Coahuila-based company reported a loss of around MXN 877 million ($52.6m) …
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Anonymous
Very good overview of the weekly steel market.
Anonymous