Steel Mills
November 10, 2013
Kloeckner Looks Forward to US Manufacturing Growth
Written by Sandy Williams
Kloeckner Americas reported sales of €594 million ($793 million) during the third quarter, down 14.9 percent from a year ago. Third quarter EBITDA of €20 million ($26.7 million) was up 67 percent from €12 million in 2012 and was unchanged from second quarter 2013. The US segment accounted for 38 percent of Kloeckner & Co. sales while Brazil sales accounted for 1.0 percent.
Turnover for third quarter was down 4.2 percent year-over-year, at 714 million tonnes vs. 746 million tonnes.
