17
Nov
12:14
S+B sees little improvement in fourth quarter
Schmolz + Bickenbach has reported a difficult third quarter, in which its net profit fell into the red, and order intake dipped noticeably. It remains downbeat on prospects for Q4.
Due to the prevailing economic conditions such as poor demand for speciality steels in the oil and gas industries, significant improvement is unlikely in Q4, the company says.
A decrease in order intake had occurred all through the year so far, Kallanish hears from the speciality l…
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Anonymous
Very good overview of the weekly steel market.
Anonymous