06
Oct
21:06
Klöckner lowers Q3 guidance on declining prices and weak demand
German distributor Klöckner & Co says that it will not meet the guidance for the third quarter 2015. In a statement monitored by Kallanish, the company says that its revised outlook is because of “… unexpectedly poor market conditions due to further declining prices and a weak demand for steel and metal products.”
On the basis of preliminary figures, operating income (Ebitda) before restructuring expenses is now expected to be in the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous