08
Mar
16:48
Swiss Steel posts higher earnings on lower volumes
Swiss Steel says it achieved solid results in a challenging environment last year, despite an 11% decrease in sales volumes to 1.663 million tonnes, down from 1.863mt in 2021. Revenue was €4.05 billion ($4.28 billion), up 27% year-on-year, while adjusted Ebitda was €217 million, up 13%.
Elevated price levels for raw materials and energy throughout 2022 put pressure on operational performance, Kallanish hears from the maker of special bar quality steels. …
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Anonymous
Very good overview of the weekly steel market.
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