08
Nov
17:25
Deutsche Edelstahlwerke plans cost cuts of €50m
Speciality long products producer Deutsche Edelstahlwerke (DEW) envisages cost cuts of up to €50 million ($55m) to counterbalance sinking revenues as prices deteriorate for steel, raw materials and oil.
Its parent, Schmolz+Bickenbach “… has projected to save a sum of €70m until the end of 2017, and a large part thereof will be contributed by DEW,” an S+B spokesman tells Kallanish. DEW has suffered a significant slowdown in reven…
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Anonymous
Very good overview of the weekly steel market.
Anonymous