22
Jul
17:05
Klöckner revises profit forecast further down
Klöckner & Co sees its operating income for the second quarter of 2019 at the lower end of the previously-published guidance range, it says in an ad-hoc announcement, citing general economic development.
Based on preliminary figures, Ebitda for Q2 is now expected to be €51 million ($57m) before material special effects, Kallanish notes. Against the background of a further weakening outlook for economic growth, the German-based steel distributor has…
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Anonymous
Very good overview of the weekly steel market.
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