13
Oct
22:07
Schmolz+Bickenbach lowers full year guidance
Schmolz+Bickenbach group has revised its profit forecast for the current year downwards, the company announced on Tuesday.
Initially, the Swiss-German group entered the year with an Ebitda guidance of €210-250 million ($239-285m). By the second quarter however the special steels maker had already stated that general weakness in the market would make an outcome at the lower end more likely. Now, the company has brought down its outlook to €160-180m.
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Anonymous
Very good overview of the weekly steel market.
Anonymous