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HSG – High volatility in input prices wreaking havoc on earnings -AGM NOTE

Company Note 05/02/2018    251

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  • HSG held its AGM last month. HSG’s poor performance in the previous fiscal year was one of the primary concerns expressed by its shareholders at the AGM.
  • FY16-17 revenue grew strongly on the back of solid volume growth of +25.5%, to touch 1.6 million tonnes
  • However, high HRC input prices hurt profitability despite a recovery in ASPs.

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