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11 Aug
15:56

Swiss Steel’s sales weaken in first half

In the first half of 2023, Swiss Steel’s business environment was negatively shaped by factors such as a slowdown in the global economy and rising interest rates to counter inflation. “Our main customer segments, the automotive industry and the mechanical and plant engineering sector, continued to be affected by the global distortions,” Kallanish hears from the company. Incoming orders as well as order backlog continued to decline in H1, due to l…
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