21
Aug
14:38
Deere sees sales dropping -10-25% in 2020
US heavy equipment manufacturer and plate consumer Deere & Co expects its sales will be off by -10-25% on-year due to Covid-19, according to the company’s third-quarter earnings release.
Agriculture and turf are expected to be down by -10%, while construction and forestry will be down by -25%, the company says.
The company is in the midst of headcount and inventory drawdowns to manage expenses, Kallanish understands.
"Although unsettled mark…
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Anonymous
Very good overview of the weekly steel market.
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