13
Oct
22:19
Price erosion provides main impetus for S+B lower guidance
The profit warning issued by Schmolz + Bickenbach group on Tuesday is attributable more to a deterioration of prices than to a lack of demand, Kallanish hears from the steelmaker's executives.
“I have the feeling that underlying demand is not affected. There is no [... negative] industry pattern that I can see at this point in time,” chief financial officer Matthias Wellhausen says.
The fall in demand from the oil industry has been t…
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