02
May
15:54
Coil deals suffer as German car production brakes
Germany’s carmakers have reduced their production activity so far this year, and have considerably lowered their intake of steel accordingly. The extent of this however is not all that clear, market sources tell Kallanish.
While some say that this was already visible in December 2018, even a major player such as Klöckner & Co was caught off-guard by the true impact, and forced to issue a profit warning last week. According to Klöckner ce…
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Anonymous
Very good overview of the weekly steel market.
Anonymous