Steel Mills
August 9, 2014
Kloeckner Metals Improvements Boost H1 EBITDA
Written by Sandy Williams
Kloeckner Metals Corp. shipments fell by 3.8 percent year-on-year in the first half of 2014, due to the extended winter, consolidation of sites and the reduction of low-margin business. EBITDA improved by 27 percent from €41 million to €52 million ($55 million to $69.7 million), helped by operational improvements and higher-margins.
The company expects US steel demand to increase by 4-5 percent over 2014 due to a strong automotive industry and improving commercial construction.
