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Steel production

No recovery in sight

No recovery in sight

Three months into the fiscal year and there doesn’t seem to be any recovery in sight for the construction industry...
Updated 04 Oct, 2024 11:19am
China steel futures ease
Markets

China steel futures ease

MANILA: Chinese steel futures fell on Wednesday after hitting two-week highs in the previous session, dragging down...
Published 15 Sep, 2022 07:05am
Brazil steelmaker Gerdau reports $460mn profit on higher metal prices
Business & Finance

Brazil steelmaker Gerdau reports $460mn profit on higher metal prices

  • While profit grew more than 10 fold due and revenue grew 77%, steel production fell 1% and steel sales grew only 15% to 3 million tonnes.
  • Gerdau said there were positive trends at its Brazil unit, with revenue more than doubling compared to a year ago and displacing the North America unit, which in the first quarter of 2020 was the company's largest by revenue.
Published 05 May, 2021 06:41pm