30
Jul
09:24
Costly raw materials hamper Bekaert despite strong demand
Bekaert’s first-half-of-2018 performance was significantly hampered by adverse margins in spite of continued strong underlying demand in the automotive and industrial steel wire markets.
Factors responsible for the worse-than-projected H1 results include continued raw material price increases, the impact from changes in trade policies, and the slow recovery of Bridon-Bekaert Ropes Group. Other issues are continued low demand for loose abrasive sawing wire,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous