04
Mar
17:04
Swiss franc exchange pressures continue to haunt Gerlafingen
Switzerland’s Stahl Gerlafingen has been subject to more pressure since the Swiss National Banks cut the Swiss franc’s tie to the euro at the beginning of 2015 without notice. This is In addition to the pain shared with other European steel mills due to rising imports and falling prices.
The franc has dipped and slightly recovered from the fixed exchange rate with the euro of CHF1.20 ($1.01) and now stands at around CHF 1.10. For Stahl Gerlafingen&rs…
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Anonymous
Very good overview of the weekly steel market.
Anonymous