Siderar’s profit down 23% in Q1 on higher costs, stable prices

Apr 25, 2012 | 05:01 AM |

Argentina’s flat steel producer Ternium Siderar reported a 23% year-on-year decrease in its first quarter net profit because of higher production costs and stable steel prices. Profit went down to 307.9 million Pesos ($70 million) from 400 million Pesos in Q1 last year,....

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