12
Aug
14:47
Schmolz+Bickenbach sees dramatic slump in shipments, revenue
SBQ steelmaker Schmolz+Bickenbach was severely affected by the Covid-19 pandemic in the second quarter, as lower steel demand translated into reduced sales volumes and revenue.
"The biggest impact came from the extensive shutdowns of major European automobile manufacturers and their suppliers,” says chief executive Clemens Iller.
S+B reported a -38.1% on-year decrease in Q2 sales to 301,000 tonnes, Kallanish notes. This was most pronounced for quality …
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Anonymous
Very good overview of the weekly steel market.
Anonymous