20
Feb
00:00
Stahl Gerlafingen struggles with exchange rate-related costs
Switzerland’s Stahl Gerlafingen is looking at staff cuts to compensate for the extra costs it is facing due to the rising value of the Swiss franc against the euro currency.
Swiss National Bank SNB last month unexpectedly announced that it would abandon the national currency’s fixed rate of CHF 1.20 to the euro. For Stahl Gerlafingen, this meant an immediate fall in price for its products – rebar, merchant bar, sections and wide flange beam…
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Anonymous
Very good overview of the weekly steel market.
Anonymous