11
Feb
00:00
Stahl Gerlafingen takes hit on currency policy change
Switzerland’s Stahl Gerlafingen is cutting 25 jobs following a decision by the Swiss National Bank to remove the cap on the value of the Swiss franc against the Euro, Kallanish learns.
The long products maker, owned by Italy’s Beltrame Group, says that the monetary policy adopted by the national bank has resulted in a fall in the company’s earnings. This could be only be offset by reducing its acquisition of Euro-denominated products, the S…
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Anonymous
Very good overview of the weekly steel market.
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