German metals distributor Kl??ckner expects its 2019 earnings to be negatively affected by "declining demand" and weaker steel prices, it said on Tuesday April 30.
"Against the background of unexpected... negative price effects and declining demand developments - especially in the [EU] automotive business," Kl??ckner expects its operating income to fall to ?,?50-60 million for the second quarter, down from ?,?82 million in April-June 2018.As an example, Fastmarkets' weekly price assessment for domestic hot-rolled...