AT A GLANCE: Grupo Simec net sales down in 2019 on lower Q4 shipments, prices

A summary of Mexican long-steel producer Grupo Simec's financial performance in the fourth quarter and full year 2019.

In brief Lower shipments and average steel prices per tonne in the fourth quarter reduced full-year net sales for Grupo Simec, despite higher revenues reported overseas in 2019 as a whole, the company’s quarterly reported showed on Wednesday February 26. According to the company, demand for its steel products declined throughout the year amid economic turbulence both in Mexico and globally, which also contributed to a Mexican peso devaluation. Revenues from abroad reached 3.5 billion pesos ($182.6...

Published

Renato Rostás

February 27, 2020

18:27 GMT

São Paulo