31
Jul
16:24
Klöckner signals subdued outlook for full year 2019
Following the profit warning it issued about a week ago, Germany’s Klöckner & Co expects negative impacts from a fall in demand for the remainder of 2019.
In the second quarter of the year, revenue dropped by -6% to € 1.68 billion ($1.87 billion) from the second quarter of 2018, on volume sales of 1.48 million tonnes, down -8% year-on-year. From Q1 to Q2, shipments and revenues remained relatively unchanged. Net income was €28 million, c…
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Anonymous
Very good overview of the weekly steel market.
Anonymous