Earnings at Mexican steel producer Altos Hornos de M?(C)xico (Ahmsa) increased by 60% year-on-year in the first quarter of 2018, amid higher sales prices and reduced operating costs.
The mill's earnings before interest, taxes, depreciation and amortization (Ebitda) totaled 1.43 billion pesos ($76.69 million), it said in a note to Mexico's stock exchange late on Friday April 27."The positive results recorded in the first quarter reflect a...