31
Oct
16:18
Klöckner sees prices weakening in fourth quarter
As a result of low steel prices and weak demand, distribution group Klöckner & Co recorded a significant year-on-year decrease in operating income in the third quarter.
The Ebitda before material special effects came to €26 million ($29m), compared with €59m in the third quarter of 2018. The firm suffered a net loss of €23m, compared with a net income of €22m in the prior-year period. Revenue dropped by -11% to €1.565 billion on…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous