05
Nov
14:19
Salzgitter suffers nine-month loss
Salzgitter Group recorded a pre-tax loss of €224.4 million ($265m) in the first nine months of the year, according to preliminary figures. This compares with a pre-tax profit of €40.7m achieved in the corresponding 2019 period.
Revenue declined from €6.6 billion to €5.3 billion due to lower volumes and selling prices, both impacted by the effects of the Covid-19 pandemic, Kallanish learns from an ad-hoc statement.
The group believes the trough…
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Anonymous
Very good overview of the weekly steel market.
Anonymous