30
Apr
14:47
Klöckner reveals poor start to 2019
Steel distribution group Klöckner & Co has ended the first quarter with a net loss of €10 million ($11m). This outcome was still unforeseen as late as mid-March, when the group expected revenues to rise this year, Kallanish notes.
At a conference phone call five days after the group issued an ad-hoc profit warning with a downward-adjusted guidance, ceo Gisbert Rühl was clear in his statement. The company had had a “… very bad star…
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Anonymous
Very good overview of the weekly steel market.
Anonymous