26
Apr
16:36
Klöckner issues profit warning as prices slip
Germany’s Klöckner & Co has lowered its guidance for the current year in an ad-hoc statement, citing “… unexpected high negative price effects and declining demand development – especially in the automotive business.”
At its annual press conference in mid-March the group was still predicting a slight increase in last year’s operating profit of €227 million ($253m). It has now adjusted its Ebitda forecast to…
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Anonymous
Very good overview of the weekly steel market.
Anonymous