17
Feb
13:55
thyssenkrupp Steel earnings turn negative despite higher sales
In the first quarter of thyssenkrupp AG’s fiscal year, October to December, its steelmaking segment incurred a steep loss on lower revenues, despite having seen an increase in tonnage ordered in the period.
The unit recorded an operating loss (Ebit) of €164 million ($178m), against an operating profit of €38m achieved in the corresponding prior-year period. This was largely due to an overall deterioration in prices, which saw an upturn only during …
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Anonymous
Very good overview of the weekly steel market.
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