10
Nov
12:45
Automotive slump hits Borusan Mannesmann’s nine-month sales
Borusan Mannesmann’s prime-quality product sales decreased -21% on-year in the first nine months of 2020 to 380,000 tonnes, of which 66% was exported.
Nine-month Ebitda was TRY 204.7 million ($13m), down from TRY 354.9m last year. Profit margin fell from 1.44% a year earlier to -3.78%, while Ebitda margin fell to 7.7% from 10.6%.
High value-added drill and well pipe’s share in total prime products revenue was 36%, the firm says without providing tonna…
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Anonymous
Very good overview of the weekly steel market.
Anonymous