03
Mar
13:28
Bekaert grows sales, foresees second-half China rebound
Trading in 2023 has started well across all business units but economic uncertainties remain, says wire producer Bekaert.
The Belgium-headquartered firm’s sales grew 17% on-year in 2022 to €5.65 billion ($6 billion), supported by business mix improvements and passed-on wire rod price changes and other cost inflation. However, Ebit fell 10% to €459 million amid significant increases in prices of feedstock, principally wire rod, and in energy costs.
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Anonymous
Very good overview of the weekly steel market.
Anonymous