03
Nov
13:14
Klöckner benefits from rising prices in autumn
Klöckner & Co has recovered from the deep net loss of €111 million ($130m) it saw in the second quarter, to almost break even with a net loss of €5m in Q3.
Shipments rose from 1.07 million tonnes in Q2 to 1.242mt in Q3. This is -13% less than in Q3 2019, but “…so-to-speak good news after the drop of far more than -20% in Q3,” says chief financial officer Guido Kerkhoff, who will soon become chief executive.
During a conferenc…
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Anonymous
Very good overview of the weekly steel market.
Anonymous