06
Feb
17:47
Voestalpine foresees reduced profitability after loss deepens
Voestalpine expects Ebitda in the fiscal year through March 2020 to be $1.2 billion, down -23% on-year. This is due to the impact of trade conflicts on the global economy, particularly the weak performance of Europe’s export-driven industries, as well as rising iron ore prices and lower steel prices.
Voestalpine’s consolidated revenue fell -7% on-year in the third fiscal quarter through December 2019 to €3.03 billion ($3.33 billion), and net loss …
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Anonymous
Very good overview of the weekly steel market.
Anonymous