29
Apr
16:47
Klöckner reports strong earnings, expects rising prices
Steel distribution group Klöckner & Co has made a strong start to 2021 with its best quarterly earnings in over 12 years.
As a result of an exceptionally strong positive price trend, sales increased despite a pandemic-driven fall in shipments, rising by 5.3% on-year in the first quarter to €1.5 billion ($1.8 billion). The operating income (Ebitda) of €130 million – versus €21m last year – before material special effects was at t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous