15
Oct
14:25
Klöckner lowers guidance on negative pricing trend
Germany’s Klöckner & Co is becoming more cautious with its profit expectations this year. In an ad-hoc-release, it says it is lowering its previous guidance of an operating income (Ebitda) of €140-160 million ($154-176m) for the full year, to €120-130m.
The steel distribution group had adjusted its original guidance in the summer (see Kallanish 23 July). Its latest adjustment is now based on a preliminary Ebitda…
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Anonymous
Very good overview of the weekly steel market.
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