10
Mar
14:43
Klöckner foresees demand rising 10% in 2021
Germany’s Klöckner & Co has entered the new year with optimism that its net loss reported last year can be turned around, helped by steel demand recovery and the digitalisation of the company.
Shipments fell by 7.7% on-year in 2020 to 4.8 million tonnes. This, combined with falling steel demand in the group’s main markets of Germany/Europe and the US, slashed revenue by 19% to €5.1 billion ($6 billion). Ebitda decreased by 10% to €11…
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Anonymous
Very good overview of the weekly steel market.
Anonymous