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15 Jul
11:42

Ovako signals on-year improvement but uncertain market ahead

Swedish engineering steel producer Ovako presents a generally improving market picture in its second quarter results monitored by Kallanish. Most financial performance indicators were positive and restructuring cost savings are proceeding according to plan, the steelmaker says. There is some doubt about the state of the market going forward however. In a brief outlook, ceo Marcus Hedblom says that Ovako expects the market for engineering steel in Europe to be ch…
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