07
Jul
11:18
European integrated steelmakers’ profitability seen tanking in 2020
Most European integrated steelmakers are likely to record negative Ebitda this year for the first time in ten years, according to Joerg Leib of the Steel Hub consultancy firm.
Speaking during a webinar this week attended by Kallanish, the analyst said Steel Hub created a model to calculate profitability of major integrated steelmakers in Europe. The model is based on the assumption that revenue will be down between -15% and -30% year-o-year in 2020, as a consequen…
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Anonymous
Very good overview of the weekly steel market.
Anonymous