12
Jun
14:30
Italy's AST returns to profit
Italian stainless steelmaker Acciai Speciali Terni (AST), part of Thyssenkrupp group, has posted its first positive financial results after many years of losses, Kallanish learns from local sources.
In the 2015-2016 financial year the company registered a net profit of €3 million ($3.36m), compared to a loss of €8.5m in the previous year. The recovery was supported by a 14% increase in shipments to almost 800,000 tonnes and a stable turnover …
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Very good overview of the weekly steel market.
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