28
Feb
17:23
Exports drive Borusan Mannesmann's 2017 sales, profitability rise
Borusan Mannesmann improved its revenue and profitability in 2017 thanks to increased shipments abroad, Kallanish notes from the Turkish pipemaker's full-year report.
Total prime quality product sales rose 3% to 742,000 tonnes last year as exports increased by 9.3% to 468,000t, while domestic sales declined -6.2% to 274,000t. Sales to foreign markets had a 63% share in the company's total prime-quality product shipments for the period.
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Very good overview of the weekly steel market.
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