13
Mar
14:57
Finkl impairment weighs on S+B’s profits in 2018
Swiss-headquartered Schmolz+Bickenbach (S+B) ended 2018 with a net loss, which was largely attributable to an impairment charge at its Finkl Steel business unit in the USA and Canada, Kallanish learns. Apart from that, the year was largely influenced by the merging of French acquisition Ascometal.
Finkl, headquartered in Chicago, suffered from a general decline in demand for its products for the oil and gas industry, overcapacities in production and – via …
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Anonymous
Very good overview of the weekly steel market.
Anonymous