12
May
16:08
Thyssenkrupp distribution profit falls as prices normalise
Despite tonnages rising slightly year-on-year, thyssenkrupp Materials Services saw second-fiscal-quarter-through-March earnings drop due to normalised steel prices, Kallanish hears from the company.
Order intake came to €3.9 billion ($4.2 billion), down from the record prior-year figure of €4.5 billion; revenue was virtually identical in both periods. The drop was even more obvious for earnings, with adjusted Ebit reaching €85 million, after €3…
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Anonymous
Very good overview of the weekly steel market.
Anonymous