03
Nov
15:47
Ovako foresees weak fourth quarter as European engineering market softens
Swedish special steels producer Ovako has seen a tougher third quarter for business than in the first half of 2015, the company says. This happens in spite of a year-on-year increase in quarterly sales volumes and revenues the company says.
“The market is expected to remain weak during the fourth quarter, with seasonal inventory reductions among our customers towards the end of the year. Deliveries during the fourth quarter are expected to be slightly weak…
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Anonymous
Very good overview of the weekly steel market.
Anonymous