15
Nov
17:38
S+B narrows losses year-on-year in third quarter
Schmolz and Bickenbach has not returned to profit, but maintains that its cost-cutting efforts are bearing fruit, the company said when presenting its quarterly figures this week. The steelmaker saw losses reduce year-on-year.
Due to lower prices for steel, revenues in the first nine months of the year at €1.756 billion ($1,883 billion) were -17% down on the corresponding period in 2015. Deliveries were only slightly down by -3% at 1.323 million tonnes. The…
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Anonymous
Very good overview of the weekly steel market.
Anonymous