Trineck?(C) ? 3/4 elez??rny shrugged off "the difficult situation on the steel market" to exceed expectation in its full-year results, it said last week, but the Czech Republic steelmaker warned of stronger headwinds this year.
It reported a profit of 3.33 billion Czech krone ($148.77 million) after tax for 2018, while revenues from the sale of products, services and goods of 40.496 billion krone were up by 4.637 billion krone compared with 2017."It's much more than we expected at the beginning of last year. It allows us to strengthen our raw material reserves and provides financial resources for the company's development, investments and employment retention," chairman Tom???? Chrenek said. Despite the drag factor of US protective measures on steel trading in 2018, it described the steel market as "quite positive." The United States imposed import tariffs as part of its Section 232 investigation in July 2018.The higher...