27
Jul
11:13
AMSA's financials plummet amid weak steel trading environment
ArcelorMittal South Africa (AMSA) increased crude steel production in the first half of 2023 by 29% on-year to 1.4 million tonnes and sales volumes by 3% to 1.2mt. Average utilisation rate rose to 53% from 42% in H1 2022, Kallanish notes.
However, due to the weak trading environment and substantially lower international market prices, its average realised steel prices in H1 were down 8% in rand and 22% in US dollar terms. Consequently, the company&#…
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Anonymous
Very good overview of the weekly steel market.
Anonymous