11
Aug
14:48
Schmolz+Bickenbach raises Ebitda guidance, sees strong automotive demand
Schmolz+Bickenbach (S+B) has raised its adjusted Ebitda guidance for 2017 to €200-220 million ($236m-259m) from €160m-200m following continued robust demand and increased sales prices in the second quarter. Market conditions are not seen deteriorating significantly in the coming months despite considerable political and economic uncertainties, the Swiss-German group says.
The improved guidance is based on strong first-half-of-2017 results, robust custo…
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Anonymous
Very good overview of the weekly steel market.
Anonymous