Mexican service centre Grupo Collado sees losses grow in Q4 2015

Mexican steel service centre Grupo Collado saw its net losses reach 31.95 million Mexican pesos ($1.75 million) in the fourth quarter of 2015, on lower steel demand and increased costs.

This compares with a loss of 30.18 million Mexican pesos ($1.66 million) in the same period in 2014. Net sales reached 1.25 billion Mexican pesos ($68.60 million) in the fourth quarter,...