19
Mar
14:49
Swiss Steel may divest US unit Finkl
Swiss Steel is considering a divestiture of its US subsidiary Finkl & Sons, along with the ongoing separation of various activities as part of a larger restructuring.
In 2023, the company suffered from sinking sales of its special bar products, a drop of revenue and eventually a net loss for the year (see separate article). It has therefore initiated a capital increase an equivalent of approximately €300 million ($326m), which is fully backstopped by majo…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous