14
Feb
15:28
Q1 weakness prompts thyssenkrupp to trim annual outlook
Thyssenkrupp AG is lowering its sales forecast for its current fiscal year and may not turn an annual profit, Kallanish hears from the company's quarterly earnings conference call.
Due to volume reductions at Steel Europe and Materials Services, thyssenkrupp now expects sales for the fiscal year ending in September to be at the prior-year level. It had previously assumed a slight increase.
As a result of the interest rate-induced impairment losses in th…
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Anonymous
Very good overview of the weekly steel market.
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