04
Jun
01:00
Klckner expands digital footprint as first quarter results disappoint
In the first quarter of 2015, Germany-based steel distribution group Klöckner & Co increased its shipments by 1.7% to 1.7 million tonnes, driven by last year’s acquisition of Riedo. Exchange rate changes made for stronger sales growth of 8.0% to €1.7 billion ($1.9 billion). Due to a sharp drop in prices, mainly in the USA, and to the appreciation of the Swiss franc, gross profit rose significantly less, by 2.5% to €310 million.
The d…
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Anonymous
Very good overview of the weekly steel market.
Anonymous