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20 Nov

Bekaert sees market remaining challenging amid slow demand

Belgian wire rod maker Bekaert sees the challenging market conditions persisting in most regions into the first quarter of 2024. To weather the slow demand, the group intends to focus on margin growth and cash flow generation., as well as growth opportunities, the firm says in its nine-month earnings report obtained by Kallanish. In January-September, Bekaert registered a difficult environment in several of its end markets as “uncertainty remains for the fin…
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