11
Aug
11:39
Thyssenkrupp’s steel businesses lift volumes, slash profit
Thyssenkrupp Steel Europe reported an increase in deliveries, but a decline in revenue and profit, on account of lower sales prices, in its third fiscal quarter through June.
The steelmaking division of thyssenkrupp AG increased its order intake by 4% year-on-year to €3.2 billion ($3.5 billion) due to “significantly higher order volumes”, especially from the automotive industry (see Kallanish 11 August).
Despite the increase in shipment volumes, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous