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15 May
10:53

Bekaert foresees tyre cord market slowing in H2

Belgium-headquartered steel wire specialist Bekaert says it sees uncertainty for the second half of 2016, primarily as conditions will slow in its key tyre market.  The company achieved strong organic volume growth in tyre cord and other automotive steel wire products in Q1 2016 however. This stemmed from firm demand in automotive markets and increased market share in Chinese tyre markets. The producer was commenting on its first quarter 2016 operating results…
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