23
Jul
13:50
Salzgitter expects crisis to bottom in third quarter
Salzgitter suffered a pre-tax loss in the first half of 2020, which however turned out less harsh than expected, Kallanish learns from the steelmaker.
Once the impact of Covid-19 kicked in, capacity utilisation across the group’s different subsidiaries in the second quarter was between -10% and -70% lower than in Q2 2019. Salzgitter did not provide details of utilisation by plant.
The group closed the first half with a pre-tax loss of €128 million ($14…
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Anonymous
Very good overview of the weekly steel market.
Anonymous