23
Oct
14:23
S+B lowers guidance, goes for capital increase
Schmolz+Bickenbach has followed other steelmakers by readjusting its profit expectations for the current year. The special bar quality steel producer now expects its Ebitda to be below the range of €70-100 million ($78-111m) issued in September.
After the usual seasonal slowdown in the summer months, demand in September recovered from its lowest point in August, but at a much slower rate than expected. A noticeable recovery in order intake and order ba…
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