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Finland’s Ruukki expects special steel demand to improve in H2

According to Finland’s Ruukki, the demands for special steel in the second half will better than the standard product, especially in markets outside Europe.

It was because mainly special steel demand will increase from the US and several countries in Asia. However, the steel demand in Europe will remain steady.

The company’s operating profit was €14 million in the second quarter this year, down by 17.6% compared to the same period of last year due to falling sales of standard steel products prices and gross margin narrowed.

In addition, the company’s operating profit totaled €19 million in the first six months this year, down by 9.5% compared to the same period of last year.

Source – yieh

(www.nctv.net)

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