18
Mar
16:35
Swiss Steel reports 2023 loss on weak markets
The performance of Swiss Steel in 2023 was impacted by very weak market demand. Revenues fell by 20% year-on-year to €3.24 billion ($3.52 billion).
Revenues decreased across all major geographical markets, Kallanish hears from the maker of special bar. The revenue generated in its main market, Germany, which accounts for around one third, decreased by 22% to €1.10 billion. In addition, customers destocked their inventories, and increased imports further …
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Anonymous
Very good overview of the weekly steel market.
Anonymous