14
Aug
15:51
Salzgitter expects construction to lose momentum
Salzgitter reported a massive dip in production, sales and orders in the second quarter, especially from its activities in the automotive and energy industries. The fall was less hard for construction-related activities, although the bottom in this sector may yet be reached, the company says.
Compared with Q2 2019, capacity utilisation dropped between -10% and -70%. “The slump in demand, from the automotive industry in particular, created a burden, while the…
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Anonymous
Very good overview of the weekly steel market.
Anonymous