A summary of the financial results for 2019 for the Czech Republic's largest steelmaker, Trineck?(C) ? 3/4 elez??rny (TRZ).
In brief Trineck?(C) ? 3/4 elez??rny generated its lowest annual profit since 2008. Weakening demand from the automotive industry, a toxic combination of rising feedstock prices and deteriorating finished steel prices, a high level of steel imports from third countries, and global trade wars, badly affected the company's results. Despite the tough year, TRZ managed to maintain its level of investment, improving product quality and its...