Klöckner Swings to Q3 Loss, Anticipates Weaker Q4

Operating in a challenging environment, Klöckner & Co. SE swung to a net loss in the third quarter of the year.

The Duisburg, Germany-based service center group, which has a large presence in the US market, foresees an even weaker fourth quarter due to seasonal factors, the continuing steel price correction, active inventory reduction, and inventory write-downs.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

Laura Miller

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