13
Oct
10:36
Mobarakeh chief urges cost-cutting, as sales fall behind target
In a scenario of declining revenues, steel companies must control their costs in order to prevent financial problems, according to Bahram Sobhani, managing director of Iran’s largest steelmaker, Mobarakeh Steel (MSC).
Citing a worldsteel report, Sobhani says steelmakers must strike a balance between costs and finished product sales prices so that they can ride out the current storm of tough market conditions. Some Iranian producers have reported a decline …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous