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25 Aug
01:00

Schmolz + Bickenbach sees "challenging" special steels market in H2

In the first half of its financial year Swiss-headquartered Schmolz + Bickenbach was unable to match its H1 2014 earnings in a market environment that “… remains challenging”, the speciality steel group says. Adjusted Ebitda fell by- 12% to €118 million ($136m) on revenues that stayed virtually unmoved at €1.489 billion, although sales volume fell by -3% to 952,000 tonnes. The reason for this is a better product mix with less eng…
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